When e-business started, the need for common standards was felt as there were many different types of computer systems and different ways of storing data. Since the sender and receiver in the EDI systems had to exchange business documents that could be interpreted by all parties, it became necessary to develop standards in EDI. Many […]
A charge card is like a credit card without the option to pay your balances off over time. With a charge card, you must pay the entire balance in full every month. Charge cards provide all the benefit of a credit card-convenience, rewards, fraud and purchase protection, etc. Without the freely available opportunity to overspend […]
E-COMMERCE BUSINESS:- E-Commerce refers to a wide range of online business activities for products and services. It also pertains to any form of business transaction in which the parties interact electronically rather than by physical exchanges or directs physical contact. E-COMMERCE BUSINESS Doing business online is known as e-commerce. E-commerce describes the buying and selling of products, services, […]
Internet commerce is the use of the Internet for all phases of creating and completing business transactions. It is a broad term covering all commercial activity on the internet, including auctioning, placing orders, making payments, transferring funds, and collaborating with trading partners. Internet commerce is not a synonym for e-commerce but it is one its […]
Obstacles in Adopting e Commerce Applications:- The study identified the main obstacles to the adoption of e–commerce applications, which include: organizational, financial, environmental, legal, behavioral, and technological obstacles. … The adoption levels of application that aimed at providing services and processing transactions were very low. Obstacles in Adopting e Commerce Applications Lack of awareness Trust and Confidence The difficulty in re-engineering the business process Huge […]
Prospects of E-Commerce in India Following is India’s prospects in e-commerce:- Opportunity for retailers:- A retailer can save his existence by linking his business with the online distribution. By doing so, they can make available much additional information about various things to the consumers, meet electronic orders and be in touch with the consumers all […]
Characteristics of Credit Cards:- The main characteristics or features of a credit card are listed as follows: Alternative to cash:- A credit card is a better alternative to cash. It removes the worry of carrying various currencies to pay at the different trade counters. It is easy and fast to use a credit card rather […]
The Intellectual property encompasses all the tangible and intangible products of the human mind. As a general rule, the creator of intellectual property owns it. For example, if you personally create an e-commerce site, it belongs entirely to you have exclusive rights to use this property in any lawful way you see fit. But the […]
Traditional Commerce:- Traditional commerce is that which involves a great number of processes I addition to buying and selling transaction such as information exchange, identification of items or services, buying, payment, delivery customer support, marketing feedback, manufacturing of new products and their distribution. E-commerce:-E-commerce refers to a wide range of online business activities for products and […]
Electronic data interchange (EDI) Is the electronic exchange of business documents in standard, computer-processable, universally accepted format between the business partners. Electronic Data Interchange (EDI) EDI may be defined as the transmission of business data in a structured, electronic format from a computer application in one business format from a computer application in one business […]
