E-commerce
now-a-days can be considered as a backbone for the development of any kind of
business on a wider and a global range. E-commerce consists of activities which
are performed online via internet for the selling, marketing, advertising of
products and services for small scale as well as large scale industries. In
today’s time of globalization, e-commerce provides an easier and cheaper way of
handling of commercial activities with the usage of internet. Electronic
commerce plays a major role in almost all market segments which can be
categorized as consumer to business, consumer to consumer and business to business.
An
organization can increase its revenue and profit by performing its various activities
via internet and the budget of the firm is affected a lot with the conversion
of various physical functions into e-commerce. There are a number of
applications in relation to e-commerce such as accounting and financial systems
of the firm, management of spreadsheets, payment systems, e-mail, online
shopping, shipment etc.
The
competition in the global market can lead a professional to seriously think
about efficient usage of E Commerce Development in order to increase the production which
only comes if the demand of a product is on a rise. To have a fruitful result
of the e-commerce to the business, any individual must set a goal, healthy
vision and a proper start to end strategy. The businessman using the e-commerce
for various activities of the organization must know all the aspects of the e-commerce
before start of performing business activities through electronic media. E-commerce has many advantages such as 24 hour service to the customers, decrease of
budget of the firm, increase in the sale of the firm, recording of information
about the customers, etc. On the other hand, e-commerce may prove as a negative
factor in the road to success for the firm if the management of the firm
responsible for performing functions of the firm online do not possess proper
and efficient knowledge of the e-commerce.
