Introduction to E-Commerce [Ecommerce notes]

In this you will learn about concepts of e-commerce. Starting from traditional commerce will slowly sail through basics of e-com. Discussing about history, will further checkout advantages and disadvantages from buyer and seller prospective. It’s essential for one to know categories of e-commerce, which has further helped rollout of this concept in structured way. While walking though best examples of e-commerce, will have deep look at noteworthy success stories of dell and eBay! We will also learn about important concepts of EDI - the inter-organization exchange of well-defined business transactions in standardized electronic form directly between computer applications and SET. SET is a standard protocol popularly used for securing credit card transactions over insecure networks, more specifically addressing transactions. We will also touch by electronic payment methods and some security measures which are implemented during e-transactions. Finally we will also see glimpse of e-business website designing.




Topics Covered

1. What is E-Commerce Environment?
   
2. History
   
3. How E-commerce works?
   
4. Advantages and disadvantages
   
5. Models of e-commerce
   
6. Main players on this playground
   
7. Leading Players.
   
8. Future of e commerce
   
9. Factors affecting e-commerce success
   
   
   
   

What is E-Commerce Environment?

Before we jump to e-commerce, let’s look at fundaments of commerce first! Commerce by dictionary is , “Transactions (sales and purchases) having the objective of supplying commodities (goods and services)” or “the exchange or buying and selling of commodities on a large scale involving transportation from place to place “ Various roles in commerce:

• Buyers – Buyers can be interpreted as public/people with money who have intention to purchase a good or service.
  
  
• Sellers – Sellers can be interpreted as people/public who offers goods and services to buyers. Sellers could be further classified into two categories:
  
  

• Retailers: Retailers are the one who sell directly to consumers
  
• Wholesalers/ distributors: Wholesalers/ distributors are the one who sell to
  retailers and other businesses.
  
  
• Producers – Producers can be interpreted as people who create the products and services that sellers offer to buyers, i.e. also known as manufactures. You will find that a producer is always, by necessity, a seller as producers themselves sells the products produced to wholesalers, retailers or directly to the consumer.