The Fallacy and Possibility of E-commerce

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The Fallacy And Possibility Of E- Commerce
Technology is advancing at a high rate and this
has led to change in the previous normal way of
doing things. Businesses are now taking a great
turn towards catching up with moving technology.
Electronic commerce can be said to entails the
use of the internet to run business activities
involving the process of buying and selling of
goods and services with the aim of achieving
organizational goals. It involves sharing of
business information and with the aim of
maintaining proper business transactions and
relations by use of telecommunication. It can
also be said to be a process of buying and
selling of goods and services with the help of
computer networks. The Fallacy and Possibility
of E-commerce
E-commerce has impacted the business positively
considering cost and productivity. It has been
adopted widely due to its simplicity and
reliability, hence bringing about economic
impact. It is another golden opportunity that
has enabled buying and selling electronically
performing many business activities. The market
places are now transformed by this introduction
of electronic commerce, structure and daily
roles. Associated with e-commerce is a wide theme
including business models, market structure and
opportunities for economic growth. The
possibility of new models aids in organizing the
production and transacting the business through
the offering of inters modality
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and complementarily not considering business
models only. The creation of an e-commerce
solution involves majorly deploys of eCommerce
sites. There are a model that have been
identified with and includes the following
models Business-to-business model It is the
fastest-growing sector of e-commerce and it is
predicted to become the largest value sector in
the years to come. The models cover all the
ordering, purchasing and also administrative
tasks which are essential in any organization.
This could be subscriptions, professional fees
and manufacturing, and other dealings. This is
only possible with an internet connection, it
has got the advantage in that it can maintain
movement of supply and manufacturing also
procuring processes automating corporate
processes aim to deliver the right products and
services considering the cost. Business-to-consum
er model This is a model that entails the
transactions between the business and customers.
It is a business that applies to organizations
selling their consumables through the internet.
Displaying their information through the
internet enables their customers to access the
right one for themselves. It could be banking,
traveling services, and health. This model,
however, can be related to security threats
since one provides personal details like credit
cards which can be open to hacking. The consumer
is not certain if the organization can obtain and
use the information provided. This calls for the
business to invent a mechanism to protect the
details of their customers to guarantee total
security to them, this model is densely adopted
by many organizations. Consumer-to-consumer
model Also known as C2C model, it involves the
transaction between consumers. The process
entails consumer selling to another consumer
directly. The auction sites have made this
successful and now to access the services, one
has to register. The seller may also be required
to pay some amount to the site to aid in the
sale of its products, on the other hand, the
buyer bids with no cost for the same products.
This site brings both the buyer and seller
together to ensure deals while the business acts
between them as a bond. Consumer-to-business
model This is where transactions involve the
consumer and business. It is the business to buy
what the consumer sells. In this case, the
business is the buyer and consumer is the seller
and it is the responsibility of the seller to
decide on the price of a particular product. This
applies to those
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• individuals selling their products to various
  business organizations. The business itself chose
  whom to buy from and then sets a long term
  project for the supplier of products.
• Future dates back from when people use to travel
  a long distance to do business and meet
  potential customers. The fast-moving technology
  is now making work easier as internet trends all
  the world bringing joy to organizations. The move
  is for the best and now outweighing startup
  organizations, E-commerce has been adopted by
  many reputation organization to enable them to
  compete favorably with others. E-commerce through
  telecommunication is able to maintain the bond
  that is between the suppliers, vendors, and
  customers in any reputable institution running a
  business. The same has also boosted events that
  are running in the market and market structures.
  With the current flow and extension of technology
  to many firms, it is an evident thing that it
  has influenced the competitive advantage of many
  firms.
• Electronic commerce that has just crept into the
  business no sooner than the 1970s has brought
  about many changes. The introduction of personal
  computers and the internet has made trading a
  real-life activity and creating awareness to
  common citizens. It is now that very few
  organizations still adopt the ancient forms of
  carrying business. Changing world is now on the
  track to implementing new ways as technology goes
  up, this calls for businesses to adjust as new
  things get into the market. Considering the fact
  that now one can be able to access business
  premises using his computer has saved time and
  encourage transparency in the workplace.
• With advancing internet connection, e-commerce
  has brought about impacting the business
  positively
• It has brought about proper management systems.
• Human resource managers can perform online
  recruitment with ease enabling working with
  project basis.
• Finance and accounting including banking and
  other issues of transactions are now running
  comfortably with the introduction of e-commerce.
• Economic terms can now be understood based on the
  digital platform created to run business
  activities compared to older methods.
• The electronic trading of both tangible and
  intangibles such as information and goods in the
  market where now people can earn at their comfort
  provided online business going on.
• The marketing strategies are now first with the
  internet where advertisements reach many people.
  Ordering payment and deliveries are now tracked
  by the use of the internet.
• The business now has access to online legal
  advice and also the provision of services.

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Ending Thoughts Electronic commerce is viewed in
the context of markets which can be defined as
the place where buying and selling takes place.
This can also be said as a place where demand and
supply meet as there is customer and seller
involved in exchange activity. E-commerce is
something consumed in all the organizations now
that businesses are competing to strive for many
customers and to gain popularity, it has involved
the use of the internet to sell their services
and products. Source Link https//www.ecombooster
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- commerce/