The Ecommerce Concept

Published Date: 02 Nov 2017

In introduction, the features of e-commerce website and terms of seven unique are very important because it is a popular sense and many listed in the website of Internet to use. For example, it can digitally enabled commercial transactions between the organizations and individuals. Anyway, there contains to designing the Internet at webpage in the website. The seven unique features of an e-commerce technology are ubiquity, global reach, universal standards, richness, interactivity, information density, social technology and personalization or customization. Beside this, there are many products to buy through by online, pros and cons of the online purchase at the website. There have many advantages and disadvantages when shopping at the online website to buy. This is because why many people buy products online through the internet. But this is very dangerous if buy products online through the internet because they are selling counterfeit products to cheat customers.

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E-Commerce is known by ‘electronic commerce’. The e-commerce in the popular sense was defined as the Internet and Website to conduct the business transactions for digitally enable the commercial transactions between organizations and individuals. E-commerce has an exchange of value across organizational and individual boundaries to e-business. E-business is the digital enablement of transactions or processes in firm and has not exchange in value. This is an industry to buy or sell of product through the Internet or Website by online to service. For example: streaming media, electronic books and software. Retail services are an order the services or products to deliver and manage the tasks for customers in order to save money and time to use. For example: Banking, Food ordering and Travel. E-commerce is generally considered to sales aspect of e-business. It is the exchange of the data to facilitate the finance and payment to aspects of business transactions. E-commerce can divide by websites with online catalogs for e-mail to reaching prospective customers and use of demographic data through website, security of the e-commerce and type of E-Commerce for classified a Business-to-Consumer (B2C), Consumer-to-Consumer (C2C) and Business-to-Business (B2B) for Electronic Data Interchange (EDI) to exchange of the data. Business-to-Business is electronic commerce between rather than business or consumer. It often deals for customers or suppliers to carry out the transactions electronic methods. Electronic Data Interchange (EDI) is a data link dedicated to set up for customer or supplier to provide a cost-effective method by company to set up the links. The development of the electronic marketplaces for suppliers and customers are brought to conduct mutually beneficial trade. E-commerce is very easy to business to sell the product and services. They can require an expensive interface and personal security to need the individual merchant to redesign the wheel and accept a variety options include transactions credit card. The new forms for the electronic payment in the online payment by website or internet include digital cash, online stored value in the payment systems, digital accumulating balance payment systems, digital credit accounts and digital checking in payment systems. Credit card was working in many transactions in an online are processed to store a purchases in the same way of much by bank. A major difference for online merchants cannot see or take impression card of transactions. Anyway, the participants have include consumer, merchant, merchant bank and consumer’s card issuing bank. Limitations of payment systems by online credit card for security have fully authenticated from merchant to consumer manage the service. In addition, the term of seven unique features have important include for ubiquity, global reach, universal standards, richness, interactivity, information density and personalization. Ubiquity is available at everywhere or every time to use the technology. There can create new marketing channels and expanding the size of the market of world. Global reach is a roughly potential size to the online population of the world. It cans changes an industry to structure to lowering a barrier to expand the market by the same time, has lower cost by industry and firm operations through production, sales efficiencies in global scale. Universal standards are the technical standards of the internet and conduct the e-commerce to share by nations in the world to use in the industry for a competition and lower costs for computing & communications. Richness for information to complex and content rich can be to deliver without sacrificing reach by strength of the powerful distribution channels, lessening reliance on sales force and enhances post-sales in strategy. Interactivity are two-way communication between the merchant and consumer for e-commerce with technology to threat of the substitutes through the enhanced by a customization. Personalization has enable merchants to target marketing messages by e-commerce with technology to person, interest and past purchase. Their feature can change product or service to suit purchase behaviour, preferences of consumer and reducing threats to raise the barrier to entry. There can reduce the value chain of the costs in industry and firms to reliance on sales forces in the business. After then, the last unique feature is information density. Information Density is a total amount and the quality of the information available to the all market for participants is increase vastly and cheaper to deliver by weakening powerful sales channels, shifting bargaining to consumer used the product or services of processing, obtaining and distributing the any information about the suppliers and consumers in the industry to reduces. For example, Microsoft, IBM and Adobe to provide the web development design and consulting services. Then the purchaser provides the website content in the Internet for Yahoo. The company’s to sell the products or services to consumers or businesses to view in the Internet.

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Online, pros and cons of online purchases to buy the product by advantages and disadvantages when bought products through online if you want. The advantages of shopping online for online, pros and cons to shopping are save time, shopping online can save more time with significant amount and few clicks of the mouse to place the order and move to other things. Price have very cheap when you buy and easy to do the price of comparison to given. When we determined to purchase to get the best deal with a few clicks and making easily to designed the price for comparisons, often the calculate and include shipping charges to compare the actual, total cost of the item. A good way of shopping online is customer cans shopping any place and any time to shopping because no need send the mail to purchase the customer want to buy the item. Saves the fuel is very important of the fuel prices by expensive or inexpensive gasoline has any given time, shopping online cannot require any driving, consume any fuel and no matter that the cost to the nearest store look the desired product if customer want. If customers shopping at website or stores can makes difficult to compare the prices and features of the same products. Online websites can provide simplified comparison products to help. Some of the online websites have a special discount from time to time to attract many customers to buy many products to save the customer’s money. The online retailer with larger inventory has a easily to find any item, model number, color, style and size to choose and determine the item is in stock or sold out. Anyway, online shopping does not restrict the geographically of the products and inventory to choose at the local retailers within driving distance. Many people’s can visit online stores at every 24 hours or any time to buy the products at the retail stores to shopping. After then, you cannot necessary to waste many times to waiting and queue. There have no long times to buy the product you want to purchase in the online to display the website ordering page. There are many disadvantages of the shopping online to shopping the product because this is very difficult to visit online. There has a time lag when customer to make the payment and delivery the products. Shipping costs is often the product to depend the size and weight has expense to ship your purchases. The online retailer sell the product with offer to free shipping for cheap price in the cost of your order to reaches a certain minimum the amount. The additional shipping costs by the order reaches a certain amount and make the overall cost of purchasing in the online, especially for larger and heavier products for less attractive than buying locally. When consumers want to buy the products, consumers must to see, feel, test, or try the item to purchasing. This is able to physically to feel and inspect the item, they can often the reasonable for far to assessment of the quality to looking an online photo of the item in website because cannot try out the product before buy. The features have missing when consumers buy product at the online. Security of the personal data is very important when to buy the product because the potential security risks to store and sharing the data and credit card numbers with the online retailers. The considerable risks have an issue for the local and foreign retail stores to buy the products. Consumer must take a security risk when purchasing the products in an online to taken. Purchaser can provide consumer to reviews and shop in online shopping when user get an idea to decide customer to buy a product and online retailers offer the products cannot found at the stores. In addition, Consumer can build the relationship with seller to meet at a place that was promised. The local or foreign retail stores are very far to get the relationships with customers for the personal interactions have between buyer and seller to meet any customer to buy products because the seller sells a counterfeit product to trick customer to losses the other people’s money. The shipping costs have very high for often to delivery the products for company to pay the extra tax to delivery the products from another country. The product maybe has a highest damage when delivery to other countries, it can taken a long time to replacement or delivery a products for company to the customers. If consumers shopping at online, it can be dangerous to buy many items at long time to lead in the unwanted expenditure. The incidence of the billing errors was very high because the consumer encounters have following a long procedure and need to take a long time before the error has resolved. An online to shopping by support has limited or even non-existent for online to purchases the items for customer to buy and when consumers trying to deal the items to purchase in an online, consumer must pack the important or non-important items and ship the items to the retailer by credit or replacement to customer and often responsible for any return shipping or delivery costs. After few days the items has arrived the destination place, it can save more time to the overall by processing. Internet must increase a many people to shopping by online. This is means to buy the products has gained immense popularity at time’s. After then, Internet has accessible for the people to develop at any countries of all worlds. For example, Singapore and Taiwan can delivery the products when shopping by an online. The Online shopping are well-documented because there are convenient, quick and largely by security. They also extend the various attractive offers and discounts by companies, offers the choice for customers to attempt the different tastes. There have no long limits to offer products by purchasers because the purchasers have offers the delivery to many locations for any countries. It is easy for online shopping to find the items for regional speciality of particular area to use by a richer, faster and more socially interactive to shopping the experience for customers.

CONCLUSION

In the conclusion, the e-commerce of the seven unique terms has to know it important for benefit and risk. Anyway, the type of the legislation has protected the consumer and business to make. There have a specifically report on the online payments and personal data security because that information avoid theft occurred.The main topic of the online shopping has a rather a universal topic was concerns virtually for anyone to use. After then, the user was very hard to use the evolution of the technology to collect the important data of the consumer are equally of great concern. It is very fair for the evolution of the technology has simple to add a new issues. In simple terms, consumers can shop an online by a catalog to pay the product at bank with security and convenience of online banking.