In today's post, i would like to write about E-Commerce.
I am 100% percent sure that everyone of you who engage in business world know that in last 10 years, the uses of internet has been evolving signifantly. Simply means, instead of the traditional business activities, now business and commerce transaction can be digitally conducted using the Internet and the Web. Commercial transaction which involve the exchange of value such as money, can be channeled across organizational boundaries in return for products and services. Some of the unique features of e-commerce are forstly, ubiquity. Commerce is available just about everywhere, at all time loosen the market from being restricted to a physical space (M-Commerce as example). Due to that, e-commerce able to reduce the transaction cost. Secondly, e-commerce allowed commercial transactions to cross cultural and national boundaries conveniently and cost effectively than in last past years. E-commerce increase the potential market size as it able to be reached globally. Third, e-commerce employ universal standards which it can be easily and readily adopted bymost countries in the world. Fourth, the richness in terms of complexity and content of message. In fifth, e-commerce allows two-way communication between seller and consumer which not offered by television, radio and newspaper. Lastly, e-commerce able to personalize their marketing message to specific individuals by adjusting the message to a person's name, interest and past purchases.
That's all for today.
Example of E-commerce site in Picture:
Maybank2U.com
I am 100% percent sure that everyone of you who engage in business world know that in last 10 years, the uses of internet has been evolving signifantly. Simply means, instead of the traditional business activities, now business and commerce transaction can be digitally conducted using the Internet and the Web. Commercial transaction which involve the exchange of value such as money, can be channeled across organizational boundaries in return for products and services. Some of the unique features of e-commerce are forstly, ubiquity. Commerce is available just about everywhere, at all time loosen the market from being restricted to a physical space (M-Commerce as example). Due to that, e-commerce able to reduce the transaction cost. Secondly, e-commerce allowed commercial transactions to cross cultural and national boundaries conveniently and cost effectively than in last past years. E-commerce increase the potential market size as it able to be reached globally. Third, e-commerce employ universal standards which it can be easily and readily adopted bymost countries in the world. Fourth, the richness in terms of complexity and content of message. In fifth, e-commerce allows two-way communication between seller and consumer which not offered by television, radio and newspaper. Lastly, e-commerce able to personalize their marketing message to specific individuals by adjusting the message to a person's name, interest and past purchases.
That's all for today.
Example of E-commerce site in Picture:
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