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E Commerce Easy and Simple Understanding
- 1. PREPARED BY: MUJAHID SHABBIR M.COM
- 2. 1. What is E-Commerce 2. Classification of e-commerce 3. Scope of E-Commerce 4. Advantages of E-Commerce 5. Disadvantages of E-Commerce 6. Interesting Facts & Figures 7. Conclusion IN THIS PRESENTATION WE ARE GOING TO TALK ABOUT
- 3. What is E-Commerce? By E-Commerce , we mean the global use of internet for purchase and sales of Goods & Services, including service and support after sale. The Concept of E-Commerce is all about using the internet to do Business Better and Faster. TYPES OF E-COMMERCE Business to Business Business to Consumer Consumer to Consumer Business to Government B2B B2C C2C B2G
- 5. Scope. Electronic Commerce is more than just buying and selling products online. It also includes the entire online process of developing, marketing, selling, delivering, servicing and paying for Products and services
- 6. For Consumer Pros of e-Commerce For Business 1. Price 2. Quick, Convenient and Easy 3. In depth Reviews 4. A Real World Store 5. 24 hours a day , 7 Days a week 6. Eliminate Geographical limitation 7. Eliminate Travel Cost 1. Sell Internationally 2. Increased Market Share 3. Increase Productivity 4. Survey of Customers 5. Less likely to return 6. No need of physical setups 7. Easy to Start and manage
- 7. For Consumer Cons of e-Commerce For Business 1. Unable to examine Product Personally 2. Cyber crimes 3. Don’t Always knows What you’re getting 4. Shipping delays (Purchase & Returns) 5. Loss of Emotional Fulfillment 6. No Guarantee of Product Quality 1. Elimination of Face to Face Interaction 2. Anyone good or bad can easily start a business 3. Competition (Prices Down Profit Margin decline) 4. 24/7 updating and Responding 5. Mechanical failures cause unpredictable effect
- 8. 81% of shoppers research their product online before purchasing Retail sales from shopping online predicted to grow to $370 billion in 2017 Pakistan railway alone made Rs 100 million through e - ticketing in 2 months In 2016 overall growth revenues exceeded $120 million By 2020 it is expected to be a billion dollar industry Facts and figures
- 9. The internet has lead to the birth and evolution of E-Commerce. Emergence of 3G and 4G helped to boost the industry. It is proved that e-commerce is beneficial to both businesses and consumers. E-Commerce is not just about conducting business transactions via the Internet. ... This is because the revolution in information technology is happening simultaneously with other developments, especially the globalization of the business.