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managing information - CRITICAL EVALUATION OF RELEVENT ISSUES
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| Words: 3033 | Submitted: 04-Nov-2011
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Descriptionassignment on managing information
INTRODUCTION OF E-COMMERCE:
E -commerce in its broadest definition, it is digitally enabled commercial transactions between and among organizations and persons. Digitally enabled means, for the most part, transactions that occur over the Internet and World Wide Web (“Web”) Commercial transactions involve the exchange of value (e.g. money) across organizational or individual boundaries in return for products and services. Differentiated from ebusiness which is digitally enabled transactions and processes within a firm, involving Information Systems controlled by the firm. Doesn’t involve commercial transactions across organizational boundaries.
E-Commerce is generally known as Electronic Marketing or E-marketing. It's a method of buying and selling items through electronic media, here electronic media is referred to Internet and other media which is electronic. Most recent survey reports give you an idea about that the use of electronic trading is continuously mounting day after day. Thousands of applications and web portals have been hosted since last two decades. A variety of e-commerce hosting providers had been emerged for given that e-business in which the company provides other companies whatever they need to purchase, sale and public sale their services and products through World Wide Web, together with various facilities like third party services and web hosting.
The internet and e-business have an enormous impact on many companies and there as been much research on how e-business influences its environment,but little ca be found on how e-business influences its environment.
2.E-commerce vs. E-business:
E-commerce involves digitally enabled commercial dealings between organizations and persons. Digitally enabled transactions include all transactions mediated by digital technology. Commercial transactions involve the exchange of value across organizational or individual boundaries in return for services and product
Where as E-business involves digital enablement of transactions and processes within a firm,involving information systems under the control of the firm.e-business does not involve commercial transactions across organizational boundaries where value is exchanged.
3.Difference between e-commerce and e-business:
4.Unique of e-commerce technology and their significance:
Ubiquity is familiar with as web/internet technology which is everywhere ie at work,home and elsewhere via mobile devices. Ubiquity is build in other devices which is hidden but still there. Ubiquity lowers transaction costs for the buyer/consumer.by considering some relative concepts such as cognitive energy –mental effort needed to complete a task.this ubiquity reduces the cognitive energy where humans tend to seek options that require the minimum cognitive energy.
For instance consider the mental effort needed to buy your text book online vs hunting for it at various shops and books stores.
Ubiquity refers always the capability of a company and its products & services inorder to made a dominant presence among their consumers. As its marketing initiatives and physical retail locations support this end of the company.to make a company as a champion inaccordence to ubiquity internet and e-commerce do much more.as now a days internet makes every thing possible for customers and companies to be in constant contact with each other,electronically albeit.thus at any time,at any location virtually the customers can buy goods and services online as they wish.
The business which is opened around the clock for the customers who wish to do business is much more called as ubiquity.this ubiquity concept is used to explain about a company how they has made inroads with their customers in accordance of their product or service adoption.
4.2. Global reach:
Global Reach - E-commerce is the technology which can permits commercial transactions to cross national and cultural boundaries far more expediently and effectively as compared to long-established commerce. As a result, the impending market size for e-commerce merchants is approximately equal to the size of world's online inhabitants.e-commerce enabled across cultural and national boundaries,seamlessly which can extended the reach of any potential customer and reduces the barriers to the market.
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