Importance of E-Commerce Essay. The two most commonly cited reasons for e-commerce have been convenience and price. The capability of purchasing without leaving your place is of Decide immediately what is more important to you - financial savings or the result. Companies always indicate how much characters of text costs, so that the client understands what Receive a neat original paper by the deadline needed. Importance Of Commerce Education Essay We value every paper writer working for us, therefore we ask our clients to put funds on
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The implementation of e-commerce across different sectors has been able to gain much popularity, most so within the boundaries of most business sectors. Moreover, E-commerce has been able to play one of the most fundamental roles as far as the holiday selling season is concerned. Through the implementation of e-commerce, artificial intelligence has been used as a significant parameter when it comes to smarter shopping. Importance of E-Commerce Essay. This has enabled the e-commerce to come up with the right products at the right time at the right place through the use of small screens and with just a click of a button Schwartz 2. In the holiday season, e-commerce also plays an essential role by spiking the entire customer service activity, thus making it much easier and more efficient to provide reliable responses to most of the questions that are likely to be raised by the customers.
To attain different objectives within an appropriate time frame, e-retailers should prepare for holidays in various ways. Firstly, they should be in a position of adequately planning for the entire event by making sure that everything is in its correct position. This is to avoid any conditions that are likely to be associated with confusion. On the other hand, the e-commerce retailers should make sure that all their respective mobile sites are adequately optimized before the holidays to create more positive interactions of their products and services across all customer segments. By benchmarking themselves against the entire industry together with their specific vertical appears to be one of the best of understanding their success and even brainstorming their respective tactics in the coming year Watson 4.
The retailers should also be in a position of focusing on the efforts in the coming New Year by adequately concentrating on their goals and objectives, thus making sure that they stay relevant at all times, importance of commerce education essay. Moreover, they should also focus on their efforts by being competitive in terms of offering quality services to all customer segments that are likely to be targeted in the coming New Year. Through this, they will be able to move to the next stage with a lot of ease. Dominates, and Mobile Purchases Continue to Rise. New York: E-commerce research. Schwartz, importance of commerce education essay, Caila. Cyber Monday Results: Still the Top U. Digital Shopping Day With the Best. New York: Sales force blog, Through electronic marketing and internet communication business firms are coordinating different marketing activities such as market research, importance of commerce education essay, product development, inform customers about product features, importance of commerce education essay, promotion, customer services, customer feedback and so on.
E-commerce is used as a medium for communication and electronic commerce, it is to increase or improve in value, quality and attractiveness of delivering customer benefits and better satisfaction, that is why e-commerce is more convenient and day by day increasing its popularity. The two most commonly cited reasons for e-commerce have been convenience and price. The capability of purchasing without leaving your place is of great interest to many consumers. Not only does e-commerce offer really good deals, but also brings optimum convenience to the consumers. E-Commerce refers to the buying and selling of products and services over electronic systems like the internet and other computer networks.
This system depends on technologies like electronic funds transfer, supply chain management, internet marketing, online transactions, importance of commerce education essay, electronic data interchange and automated data collection systems. E-commerce is divided into three major categories which include; Consumer to consumer: electronic commerce which involves consumers selling directly to consumers. Like eBay the giant web auction site which allows people to sell their goods to other consumers by auctioning the products off to the highest bidder, importance of commerce education essay.
Business to consumer: electronic commerce involves retailing products and services to individual shoppers. Like Noble. com which sells books, software and music to individual consumers. Business to business: electronic commerce refers to the selling of goods and services among businesses. For example, Milpro. com web site for selling cutting tools and grinding wheels to small businesses. There are various ways through which electronic commerce payments are made and these include; Credit cards are a bank issued card that allows people to purchase goods or services from a merchant on credit. This type of system is commonly used in the USA and UK where 95 percent of the population uses online payments.
A digital wallet is a soft ware application, usually for smart phones that serve as an electronic version of a physical wallet. Digital credit card payment systems are those equipped with miniature computer that creates a new credit card number each time the owner makes a purchase. In this case, owners must also use personal identification number similar to those used with debit cards to complete a transaction. Digital checking payment system like Western union and Money gram are encrypted with a digital signature that can be verified and used for payments in electronic commerce and this is more useful in business to business electronic commerce.
A smart card is a plastic card with same size like that of a credit card that stores information and can also store health records and identification data like telephone numbers, importance of commerce education essay. All these electronic commerce payment systems are more common and advanced in the western world like UK, Importance of commerce education essay, German, Canada and a few African countries like South Africa, Nigeria and some North African countries where businesses are higher advanced and still boosting. The following are the importance of electronic commerce in modern business across the globe; Electronic web pages provide vendors with the option of communicating with their customers, dealing with their problems and assisting them in the future which factor has enabled companies to build stronger reputation in the market places and an a good example of this is DELL computer company which coordinates directly with its customers without the presence of third parties.
Intelligent ideas in the field of electronic commerce are also acting as innovative ways to develop and attractive online shopping platforms which factor is improving the standards of online markets like eBay importance of commerce education essay giant web auction site and Noble. com which sells books and movies to individuals. For electronic commerce based merchants like DELL computer company, eBay the giant web auction company and Noble. Electronic commerce is user friendly and easy to maintain in a way that a person having no knowledge about programming can also edit manage and add content on his or her electronic commerce store which factor has created a wide range of products online hence giving customers a chance to choose from importance of commerce education essay variety of products on the various web sites, importance of commerce education essay.
Electronic commerce also helps to create interactive web stores where users can look at the products, their descriptions and order for them online through shopping cart and they can use the various options like credit cards, visa cards, digital wallet and smart cards which factor reduces the labor cost and hence vendors are able to make branded importance of commerce education essay available at lower prices and hence a wider market. Electronic commerce has also reduced on the cost of marketing and promotions in form of advertisements for many companies using electronic commerce like DELL and eBay whereby, various products on the market are always uploaded on the different web sites which factor enables such companies to save and invest more in their respective businesses and hence boosting business in the modern globe.
Electronic commerce saves time of both the vendors and the customer in a way that, the vendor only needs a well designed and attractive web sites where his or her products are to be uploaded and its upon the customers to browse and see what they really need and then just order directly from the vendors. With the introduction of multiple payment systems, electronic commerce has greatly improved on the business standards in different countries like UK and USA where the customer are able to buy the available products internationally and this has greatly improved on the various businesses strategies across importance of commerce education essay globe. Electronic commerce has also minimized on the cost of space occupied by the various products in terms of rent on the side of the vendors and in this case, the vendors importance of commerce education essay require a small office and a computer to do all their transactions whereby whenever a product is ordered for by the customers, the vendor only has to contact the industry and in a very limited time, a product is delivered which in fact encourages saving by the vendor.
Electronic commerce also enables the customers to compare prices of the various products and this is a way that many sites claim to offer customers the best prices and information from these sites can be used to compare prices by the customers, importance of commerce education essay. And the appearance of E-commerce as a pioneer has opened up windows of opportunities for a variety of other companies and investors. Skip to content. Search for: Search. facebook twitter linkedin wordpress. Importance of E-Commerce Essay Home essaybuys Importance of E-Commerce Essay. Importance of E-Commerce Essay The implementation of e-commerce across different sectors has been able to gain much popularity, most so within the boundaries of most business sectors. Cyber Importance of commerce education essay Trends Report: Off-Day Sales Grow, importance of commerce education essay, Black Friday Dominates, and Mobile Purchases Continue to Rise.
New York: E-commerce research, Print Schwartz, Caila. Print The trend of e-commerce has increased rapidly in the importance of commerce education essay years with the development of internet and due to the easy accessibility of internet usage. Rationals For Nursing Interventions Essay. The Inevitability of Natural Childbirth Essay.
Importance of Commerce Education
, time: 8:50Importance of Commercial Education Essay - The College Study
Importance of E-Commerce Essay. The two most commonly cited reasons for e-commerce have been convenience and price. The capability of purchasing without leaving your place is of Receive a neat original paper by the deadline needed. Importance Of Commerce Education Essay We value every paper writer working for us, therefore we ask our clients to put funds on Decide immediately what is more important to you - financial savings or the result. Companies always indicate how much characters of text costs, so that the client understands what
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