what is E-Commerce? Advantages and disadvantages of E-Commerce application.

what is E-Commerce? Advantages and disadvantages of E-Commerce

 E- Commerce - E-Commerce is Electronic Commerce. It consists of the buying and selling of services and products overall electronics system such as internet applications and other computer networks. The amount of trade has grown since the wide introduction of the internet. Avoid variety of Commerce is conducted in such a way that is supply chain management e marketing electronic funds transfer online marketing electronic data interchange online transaction processing automatic inventory management system and automatic Data Collection systems. Some Electronic Commerce is conducted entirely electronically for virtual items but most Electronic Commerce eventually involves physical items and their transportation and at least some way. Electronic business and Electronic Commerce is the most recent step in the evolution of business transactions it is a part of an evolving approach to business that could involve the application of Information and Communication Technology to the product and distribution of goods and services on the Global scale. 

Advantages of e-commerce applications

Electronic Commerce or E-Commerce applications provides benefits and number of areas

1 new markets - it is one of the best advantages of e-commerce application new markets is created by it. through it we can easily and cheaply reach right customers. 

2. Easier entry into global market- E-Commerce has globalized the market specially geologically remote market, becomes more level between companies of different size and locations. 

3. Better quality goods- due to the E-Commerce application all over the world the competition has increased with the result producer produces good quality of goods. 

4. Reduce transaction time - E-Commerce applications has reduced time of transactions particularly reduce time from delivery to payment. 

5. Reduce costs to buyers- competition level has increased due to E-commerce market, hence competitor reduce cost of product to compete. 

6. Better information- customer gets right and better information because in e-commerce it is received errors time and overhead costs in information process. 

Disadvantages of e-commerce applications-

• There are not only advantages of e-commerce applications but also some disadvantages. 
• lake of security on existing networks. 
• product cannot be verified at the time of ordering. 
• difficulty in using Complex electronic information system. 
• reliability of online shops is not very much difficulty in re engineering the business process