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Write an Essay describing on "E-Commerce".
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07. E-Commerce
E-commerce
is a trend of the modern business system. It conducts the norms of commercialism.
It holds the attire of a wealth-producing
industry. This is chiefly used in the area of trade and business. The world is
now flourishing by the tide of time and new systems and
methods came to the world of business. E-commerce is one of them. It does
commercial transactions thoroughly conducted electronically on the
internet.
The
full form of E-commerce is electronic commerce. It is a business field in which
products are sold or purchased through any electronic system, especially
computer. Modern E-commerce generally commences their works through World Wide
Web. E-commerce deals with the
activity of purchasing or selling products through online-commerce are acted in
the field of services and transmitting funds or data over the internet. These commercial transactions take place
either business to business, business to commerce, consumer to consumer or
consumer to business.
There
are various types of e-commerce platforms. These platforms fall into several industry classifications. These are based upon
their licensing model, sales scenario and data exchange.
E-commerce
software usually requires a one-time investment initially in terms of
licensing fees on-premises. It
includes extra costs related to hardware and installation services and data
migration and ongoing maintenance fees that are usually as a yearly basis to
update and support software.
Advantages
of E-commerce Software
This
is easy to customize.
This
helps in data security
Its
performance is high.
Disadvantages
It
needs large initial investment.
It’s
a self-maintained process.
It
works with technical knowledge.
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