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

What steps could be taken to satisfy the needs of managers, Question 1: ...

Question 1: The field of health care management thus, poses unique challenges as managers are expected to integrate modern business management practices with clinical and healt

Criminal justice, throghout of the course , you will be preparing a 1, 500 ...

throghout of the course , you will be preparing a 1, 500 word research paper/written proposal focusing on how you will use you education to improve the criminal justice system at f

Muscles, similarities between skeletal muscle smooth muscle an cardiac mus...

similarities between skeletal muscle smooth muscle an cardiac muscle

Social work, how much would it cost to write a 6 page paper bachelors level...

how much would it cost to write a 6 page paper bachelors level?

Differences that exist between the two traditions, Problem: 1. Section...

Problem: 1. Section "the client and the self" refers. Critically compare the benefits of the two approaches. What could be the major factors affecting the use of such approach

Social studies, In respone to the navigation acts and other colonial restri...

In respone to the navigation acts and other colonial restrictions some colonis

Family life education, #you being a teacher describe your experiences regar...

#you being a teacher describe your experiences regarding role of school,parent and peers in imparting family life education?

Connect Fractions to Divison, 12 friends share 4 pizza equally. What fracti...

12 friends share 4 pizza equally. What fraction of a pizza will each friend get

Differentiation;simulation in Berkeley Madonna, I would like to know if I c...

I would like to know if I can get help with differentiation of equations, and how to write equations in Berkeley Madonna (the second is not so important)?

What is meant by government relations, Question 1 What is the meaning of '...

Question 1 What is the meaning of 'publicity'? How does it differ from 'PR'? Explain Question 2 What is meant by Government relations? Explain Question 3 Write a long no

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