What is E-commerce ? E-commerce Application

E-commerce ( also know as electronic commerce) is the activity of electronically buying or selling of products by using Internet.

e.g. online flight booking , making online payments, online shopping etc.

There are mainly five e-commerce application :-

1. Retail and wholesale

2. Marketing

3. Finance

4. Manufacturing

5. Auction

1. Retail and wholesale:- In E-retailing or on-line retailing, goods are sold through electronic stores from Business-to-Consumer.

2. Marketing:- Collect data about customer behavior, needs, preferences and buying patterns through Web and E-commerce. This helps in marketing activities like price fixation, product feature enhancement, negotiation and relationship with the customer.

3. Finance:- Customers can check the balances of their saving accounts and loan accounts, transfer money to their friends or other account and pay their bill through E-banking or on-line banking.

4. Manufacturing :- E-commerce is used in the supply chain operations of a company. Some companies do an electronic exchange by providing together trade market information and run back office information such as inventory control.

5. Auction:-It includes electronic auctions that involve bidding online. Bidding is a special type of auction that allows buyers to bid for an item.

M-commerce ( Mobile commerce ) is same as e-commerce but done through mobile phones in mobile applications.

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