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Saturday, October 24, 2009

Electronic commerce(e-commerce),


Electronic commerce or e-commerce covers all business conducted by means of computer networks. Progress in telecommunications and computer technologies in recent years have made computer networks a vital part of the economic infrastructure. More and more companies are aiding transactions over web. Although business-to-business transactions play an important part in e-commerce market, a share of e-commerce revenues in developed countries is generated from business to consumer transactions. E-commerce provides numerous benefits to the consumers in form of availability of goods at lower cost, wider choice and saves time. People can purchase goods with a click of mouse button without moving out of their house or office.For developing countries like India, e-commerce offers considerable opportunity. E-commerce in India is still in budding stage, but It is believed that low cost of personal computers, a growing installed base for Internet use, and an increasingly competitive Internet Service Provider (ISP) market will help fuel e-commerce growth in India.Many sites are now selling a diverse range of products and services from flowers, greeting cards, and movie tickets to groceries, electronic gadgets, shoes and computers etc.However The speed post and courier system has also improved tremendously in recent years. Modern computer technology like secured socket layer (SSL) helps to protect against payment fraud etc. Many companies also provides “cash on Delivery” service where people can access goods through e-commerce without owning a credit card. In India, scores of organizations have ventured into e-commerce such as Bigshoebazaar.com which offers huge range of branded and non branded shoes under one site thus changing the way India shops. Now you can buy your favourite shoe with the click of the mouse. You can chose among over thousands of designs without sweating in the sun running from one shop to another. It also helps the compare the shoes so that you can end up purchasing the best one for you or your loved ones. What that means is that when a customer wants more variety that a physical store can hold, they will get access to an unlimited virtual variety. He/She will simply go to www.bigshoebazaar.com where a whole new world of footwear opens to him, giving him dozens of brands and thousands of shoes to choose from.Bigshoebazaar brings together 60 brands and 10000 designs on one platform. Brands like Woodland, Adidas, Puma, Reebok, Nike, LeeCooper, Red Tape, iD, Adda, the list just goes on and on. Other important companies in India are e-bay, indiatimes.com.homeshop18.So, Shop the way the whole world is shopping and get your favourite stuff with a click of a button of the mouse.

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