The Internet and E-Commerce

The Internet and E-Commerce

1. E - commerce

   • Conducting of business online
   • How a Business Measure Success:
     • Business measures success by: profit, review, market shares, expansion, share prices, level of service and demand
   • Types of E--commerce:
     • Online business transaction, Online sale transaction, Digital delivery of products, online merchandise, Automated telephone transactions, EFTPOS transactions
   • How Businesses use the internet:
     • From the internet: Research, Communication, Obtaining, Online Shopping, Bookings and Auctions
   • Online Bookings:
     • Train tickets, cinemas or holiday, checking avaliablity of seats and prices, auctions, lots of ways to buy and sell.

2. Advantages

   • Open 24 hours a day,
   • everyone is able to see the products the company is selling
   • Faster with a higher demand

3. Disadvantges

   • Could be an inconvinence to return unwanted items
   • Chance of fraud
   • Increase Competition