Electronic commerce Plan What is e-commerce

Electronic commerce

Plan: • What is e-commerce? • How does e-commerce work? • What are the benefits of e-commerce to the consumer? • What are the benefits of e-commerce to the merchant? • What are the most e-commerce company?

What is e-commerce? A type of business model, or segment of a larger business model, that enables a firm or individual to conduct business over an electronic network, typically the internet.

How does e-commerce work? Because there are hundreds of different products and services for consumers and the multitude of different ways these products and services can be delivered, e-commerce by its nature is varied in the way it works. In its most basic form e-commerce works as follows:

1. Consumers choose a product or service on a website.

2. Consumers pay electronically on the website (online credit card transactions) or using a third party payment provider such as Pay. Pal The business owner or merchant receives the order and payment and the order is fulfilled (delivered by post, booked in for services etc)

3. Making payments online is completed via a secure connection to ensure that sensitive data such as credit card details and personal information are kept private. The customer receives your order.

What are the benefits of e-commerce to the consumer? • Quick, easy and convenient. • Product comparisons. • Lower prices.

What are the benefits of e-commerce to the merchant? • Reduced costs. • Shorter time frames. • Increased consumer reach.

What are the most e-commerce company? Twelve South Sony

What are the most e-commerce company? Amazon E-bay

Thank you for your attention.