Electricity is the set of physical phenomena associated with the presence and motion of matter that has a property of electric charge. In early days, electricity was considered as being not related to magnetism. Later on, many experimental results and the development of Maxwell's equations indicated that both electricity and magnetism are from a single phenomenon: electromagnetism.
Modern electronic commerce typically uses the World Wide Web for at least one part of the transaction’s life cycle although it may also use other technologies such as e-mail. Typical e-commerce transactions include the purchase of online books and music purchases, and to a less extent, customized/personalized online liquor store inventory services. There are three areas of e-commerce: online retailing, electric markets, and online auctions. E-commerce is supported by electronic business.
E-commerce businesses may also employ some or all of the followings:
Online shopping for retail sales direct to consumers via Web sites and mobile apps, and conversational commerce via live chat, chatbots, and voice assistants
Providing or participating in online marketplaces, which process third-party business-to-consumer or consumer-to-consumer sales
Business-to-business buying and selling;
Gathering and using demographic data through web contacts and social media
Business-to-business (B2B) electronic data interchange
Marketing to prospective and established customers by e-mail or fax (for example, with newsletters)
Engaging in pretail for launching new products and services
Online financial exchanges for currency exchanges or trading purposes.
“Goal is to turn data into information and information into insights.” Carly Fiorina, Former CEO of HP
Ecommerce today is a remarkable experience. It has transformed traditional shopping beyond recognition. It is so much better than any other way of shopping that it has already attracted a great many of ecommerce-lovers.
If some years ago ecommerce was a buzz word, now it has become the order of the day. People seem to shop literally everywhere – at their workplaces during lunch times, in rush hour when there is nothing else to do but switch on their laptops and start surfing.
Ecommerce today gained so much popularity because its underlying technologies are evolving at giant steps. We are even offered to “feel” the product with a 3D mouse to better understand its shape, size and texture. Why go somewhere out when all you have to do is make an order, choose the shipping method, put up your feet and wait till the order is delivered right to your door-step?
Ecommerce today offers so much luxury that even conventional stores have already signaled the alarm. Although, every one agrees that it is a long way for an ecommerce to replace “brick-and-mortar” stores, it has every chance to happen in the future. Ecommerce which we are witnessing today brings in so much adventure into our lives that it is enjoyed by the whole online community.
Ecommerce today does have some drawbacks but they say “he that fears every bush must never go a birding”. A lot of consumers do put up with minuses since they trust the online world and want it to be a better place.
Ecommerce today reflects what we created at the very dawn of online electronic commerce. It is made by us and meant for us.
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