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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:
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:
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.
The 1960s represented an era of significant economic growth for Americans. Some economists argue that the early 1960s began the consumerism that defines American culture today. To
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how a hotel applies marketing concept on business
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