E- Business and e-commerce: an introduction:
Electronic Business or E-Business refers to the use of digital technology and the internet to execute the major business processes in the enterprise.
Electronic Commerce is the part of E-Business which deals with the buying and selling of goods and services on the internet.
E-Business and E-Commerce
Who should use the internet?
Every organization needs to consider whether it should have an internet presence.
(an information-intense product is which requires considerable information to describe it)
If a firm’s product or service is information-intensive then the organization should have a web presence
Organizations face three critical challenges
The internet and World Wide Web can be a device for reducing these risks.
THE GROWTH OF E-COMMERCE:
Retail e-commerce revenues grew 15–25 percent per year until the recession of 2008–2009, when they slowed measurably. In 2010, e-commerce revenues are growing again at an estimated 12 percent annually.
Why e-commerce is different – 8 unique features:
Types of E-Commerce:
E-Commerce business model:
E-commerce revenue models:
E-Business and E-Commerce are the advance ways of business to earn money now a days.
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