Importance Of E Commerce

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INTRODUCTION: WHAT IS COMMERCE? • Commerce is a division of trade or production which deals with the exchange of goods and services from producer to final consumer • It comprises the trading of something of economic value such as goods, services, information, or money between two or more entities. WHAT IS E-COMMERCE? • Commonly known as Electronic Marketing. • “It consists of buying and selling goods and services over an electronic systems such as the internet and other computer networks.” • “E-commerce is the purchasing, selling and exchanging goods and services over computer networks (internet) through which transaction or terms of sale are performed electronically. OBJECTIVES OF THE STUDY: 1. To know and understand what is e-commerce. 2. To…show more content…
buying of goods and services in online with the help of internet technology. e commerce is commonly known as electronic commerce. E commerce is purely working with internet and something with technological aspect. E commerce is vast subject to deal with and to understand as a whole. E commerce in depth means purchase of goods and service by consumer it can be consumer goods as well as capital goods. In present market both domestically or globally e commerce plays a very important role as modern generation people are changing from traditional purchase experience to modern purchase of goods and services. In recent generation people give more importance to e commerce since it saves lots of time and energy of people and it is very convenient at the finger tip of the customer to access to the computer for purchase of any type of goods and…show more content…
The e-retail market was around USD 6 billion in 2015. “Our research indicates that only by considering the discount prices and that too for a select group of products, CPI inflation would be at least 25 bps lower that the actual CPI numbers,” SBI Research said in its Eco wrap report. India had an internet user base of about 354 million as of June 2015and is expected to cross 500 million in 2016. Despite being the second-largest user base in world, only behind China (650 million, 48% of population), the penetration of e-commerce is low compared to markets like the United States (266 million, 84%), or France (54 M, 81%), but is growing at an unprecedented rate, adding around 6 million new entrants every month. The industry consensus is that growth is at an inflection
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