E-Commerce :: GCSE Business Marketing Coursework

E-CommerceE-commerce is rapidly becoming an excellent way to do seam. It incorporates elements which be similar to those of regular commerce. The plug surrounding this new way of doing business is constantly increasing for many reasons. on that point are some barriers to e-commerce, only if the benefits seem to far outweigh the risks.There are many elements incumbent to e-commerce. First of all, you mustiness obligate a product. It is also requisite to have a place. The clear sit displays the product and acts as the place. There must be a way to get people to view your web site. You can market your site both on and off the web. There should also be a rule of renting orders such as and on-line form. A secure ordering page and a connecter to a bank are requirement for accepting payment. It is also necessary to have a fulfillment facility to ship products to customers. However, if you are still selling software or information, fulfillment can occur with a file download mechanism. It is also important to be able to accept returns and handle warrantee claims if necessary. There should also be a method of straitsing customer service through e-mail, on-line forms, on-line knowledge bases, or any other on-line mechanism. Many of these elements are necessary to perform commerce, but the specifications around e-commerce are noteworthy.There is a good deal of hype surrounding e-commerce. On the retail side alone, Forrester projects $17 jillion in sales to consumers over the Internet by the year 2001. accord to OReilly and Associates, Worldwide business access to the Web 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 before long sells about $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 wherefore e-commerce continues to grow at an ex ceeding rate. E-commerce has lower transaction costs by using automating processes. It is also documented that consumers participating in e-commerce have larger purchases per transaction. A web site that is well-integrated into the business cycle can offer customers more information than previously available. A company can make up a catalog on the web exceeding what would be long-winded for ordinary mail order businesses.