Components of a typical e-commerce transaction, Other Subject

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.

Posted Date: 10/12/2012 7:02:58 AM | Location : United States







Related Discussions:- Components of a typical e-commerce transaction, Assignment Help, Ask Question on Components of a typical e-commerce transaction, Get Answer, Expert's Help, Components of a typical e-commerce transaction Discussions

Write discussion on Components of a typical e-commerce transaction
Your posts are moderated
Related Questions
when does the earth rotates though 360 degrees of longitude

1. What is a feedback mechanism in the context of climate? 2. Provide and explain one example of a positive feedback that begins with air temperature. 3. Provide and explain


Problem 1 i. Define multicultural counselling ii. Explain the skills/competencies needed by counsellors when dealing with clients of different cultures. Problem 2

Question : (a) According to Marxism, how does capitalism lead to alienation? Illustrate your answer by using an example from a specific sector of the Mauritian economy. (b

The basic qualities of acceptance and concern for others, recognition of the worth of each individual, truthfulness, honesty, self awareness, goodwill, tolerance and caring are des

the aims of education in present sceneario

Advantages In mainly cases, a client-server architecture facilitates the roles and tasks of a computing system to be distributed amongst several independent computers that a

What information is contained in the websites of CMS, JC, CARF, and CLIA?

Compare and contrast the European Slave Trade with "intra-African" slavery/servitude (slavery/servitude practiced on the African continent between Africans). Discuss the relevance