Components of a typical e-commerce transaction, Other Subject

Assignment Help:

WHAT ARE THE COMPONENTS OF A TYPICAL E-COMMERCE TRANSACTION?

E-commerce does not refer just to a firm putting up a Web site for the reason of selling goods to buyers over the Internet. For e-commerce to be a viable substitute to conventional commercial transactions and for a firm to take full advantage of the profit of e-commerce, a number of technical as well as enabling issues have to be considered. Unusual e-commerce transaction loop involves the following key players and corresponding requisites:

The Seller should have the following mechanism:

  • A corporate intranet so that orders are processed in an efficient manner; and
  • IT-literate employees to handle the information flows and keep the e-commerce system.
  • A commercial Web site with e-commerce capabilities (e.g., a secure transaction server);
  • Transaction partners include:
  • Authentication authority that serves as a trusted third party to ensure the security integrity of transactions; and
  • International and National freight companies to make possible the movement of physical goods within, around and out of the country. For business-to-consumer (B2C) transactions, the system must suggest a means for cost-efficient transport of small packages (such that purchasing books over the Internet, for instance, is not prohibitively more costly than buying from a local store).
  • Consumers (in a business-to-consumer transaction) who:
  • Possess a mindset for purchasing goods over the Internet rather than by physically inspecting items; and
  • Form a vital mass of the population with access to the Internet and disposable income enabling widespread use of credit cards.

Business/Firms (in a business-to-business transaction) that jointly form a significant group of companies (especially within supply chains) with Internet access and the ability to place and take orders over the Internet.

Government, to establish:

  • A official structure governing e-commerce dealings (including electronic documents, signatures, and the like); and
  • Official institutions that would put in force the official structure (i.e., laws and regulations) and keep businesses and consumers from fraud, among others.
  • And lastly the Internet, the successful use of which depends on the following:
  • A reliable and robust Internet infrastructure; and
  • A pricing organization that doesn't punish consumers for spending time on and exchange goods over the Internet (e.g., a flat monthly charge for both ISP access and local phone calls).

For e-commerce to rise, the above factors and requisites have to be in place. The smallest amount developed factor is an obstacle to the increased uptake of e-commerce as an entire. For example, a country with an excellent Internet infrastructure will not have high e- commerce figures if banks do not recommend fulfillment and support services to e-commerce transactions. In countries that have significant e-commerce figures, a positive feedback loop reinforces each of these factors.


Related Discussions:- Components of a typical e-commerce transaction

History of economic thought, with the ancient greeks contributedto economy ...

with the ancient greeks contributedto economy was a national approachto social science in general justify?

Health Insurance, Health insurance in America is big business. Many insuran...

Health insurance in America is big business. Many insurance companies are experiencing record gains, yet benefiting from not-for-profit status. In Illinois, some of the largest

Calculus, can a curve has node and cusp at same point?

can a curve has node and cusp at same point?

Medieval church and crusades, Hi i need help on how to write an anylitical ...

Hi i need help on how to write an anylitical essay on the topic above

Constitutional Rights, The constitutional rights guaranteed in the Bill of ...

The constitutional rights guaranteed in the Bill of Rights are most highly protected during the trial stage of a criminal proceeding. This is when the adversarial process, which ch

Server hardware, Serve r Hardware Hardware necessities for servers dif...

Serve r Hardware Hardware necessities for servers differ, depending on the server application. complete CPU speed is not typically as serious to a server as it is to a desktop

Criminal Justice Topic Subculture In Policing, I Have to do a 5 minute pres...

I Have to do a 5 minute presentation on Subculture in policing. I just don''t know how to start it. What should I talk about?

MCOM, what are the differences between Histogram and Historigram

what are the differences between Histogram and Historigram

Case Study, Case Study using Replacement Analysis, Incremental analysis, se...

Case Study using Replacement Analysis, Incremental analysis, sensitivity analysis, breakeven analysis, and risk analysis

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd