E-commerce

E-commerce

1. Definitions

   • commercial transactions conducted electronically on the internet
   • the buying and selling of goods and services or the transmitting funds or data over an electronic network, primarily the internet
   • a host of activities that can be conducted electronically

2. Disadvantages

   • There's no guarantee of the products quality
   • Some websites may be vulnerable to hackers
   • There are many fraud sites which falsely take customers money

3. Advantages

   • Buying or selling 24/7
   • Lower operational costs and better quality of services
   • Faster buying or selling procedure
   • Easy to start and manage a business

4. Types of e-commerce

   • E-mail
   • Internet Banking
   • Electronic Payments
   • Online Shopping
   • Online purchases/bookings