E-Commerce E-commerce is rapidly becoming an excellent focusing to do business. It incorpo treasures elements which atomic number 18 similar to those of regular commerce. The air surrounding this new way of doing business is constantly increasing for m each reasons. on that point be some barriers to e-commerce, but the benefits seem to far outweigh the risks. There ar more elements necessary to e-commerce. First of all, you must bear a product. It is besides necessary to have a place. The vane sit displays the product and acts as the place. There must be a way to get people to view your electronic network site. You can market your site both on and hit the web. There should also be a method of judge orders such as and on-line form. A secure parliamentary procedure page and a connection to a bank are necessary for accepting payment. It is also necessary to have a fulfillment facility to ship products to customers. It is also important to be able to accept returns and handle warranty claims if necessary. There should also be a method of offering customer dish up through e-mail, on-line forms, on-line knowledge bases, or any other on-line mechanism.
Many of these elements are necessary to bring to pass commerce, but the specifications around e-commerce are noteworthy. There is a crapper of hype surrounding e-commerce. On the retail side alone, Forrester projects $17 one million million in sales to consumers over the Internet by the year 2001.![]()
According to OReilly and Associates, Worldwide business access to the weathervane is expected to grow at an even faster rate than the US market from 1.3 million in 1996 to 8 billion by 2001. It is also documented that, Dell currently sells well-nigh $14 million in equipment everyday, 25% of which is over the Web. The hype concerning e-commerce is justified by many of its aspects. There are many reasons why e-commerce continues to grow at an exceeding rate.
E-commerce has lower consummation costs by using automating processes.
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