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

Bert''''s Bonsai, Case Study 1: Bert’s Bonsai (BB) Bert’s Bonsai is a small...

Case Study 1: Bert’s Bonsai (BB) Bert’s Bonsai is a small company, started by a retired plant scientist, which sells Bonsai plants, tools and materials to cultivate them, and liter

New assighnment, is your website down I''m trying to post a new assignment ...

is your website down I''m trying to post a new assignment its not going through

Branding, examples of provincial brand

examples of provincial brand

Businees management, #questi VK Ltd a multi-product Company, furnishes you ...

#questi VK Ltd a multi-product Company, furnishes you the following data relating to the year 2000 First Half of the year Second Half of the year Sales Rs. 45,000 Rs. 50,000 Total

Factors effecting differential scanning calorimeter, brief explanation of f...

brief explanation of factors effecting differential scanning calorimeter

Who are environmental health professionals?, Who are Environmental Health P...

Who are Environmental Health Professionals? Environmental Health (EH) professionals perform a wide array of include those who monitor air quality, water and noise pollution, co

Classification of overtaking situation and manoeuvre, Classification of Ove...

Classification of Overtaking Situation And Manoeuvre Overtaking manoeuvre can be defined when an action happened, where a vehicle crossed the centerline towards the opposing d

Security considerations in electronic fund transfer, SECURIT Y CONSIDERATI...

SECURIT Y CONSIDERATIONS Informatio n security is a way of protecting information and information systems from illegal use, disclosure, access, disruption, destruction or m

Potential types of contingency event, a) (i) Describe what do you understan...

a) (i) Describe what do you understand by the term "Contingency Event" within the context of MACSS using a suitable example to support your answer. (ii) Show the five main poten

Managing energy sources.., Looking at the properties in the United Kingdom ...

Looking at the properties in the United Kingdom and Bulgaria from the Hand-in Assignment in Week 2, select one of the regions and conduct an analysis of potential energy suppliers

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