What is E-Commerce
E-commerce is Electronic Commerce which means buying and selling of goods and services over electronic systems through Internet and other computer networks . Ecommerce provides a quick and convenient way of exchanging goods and services both regionally and globally. The most popular medium in which e-Commerce is conducted is ● Electronic Data Interchange (EDI) ● Electronic mail (E-mail) ● World Wide Web (WWW) ● Internet Applications ● Network Applications
History Of E-Commerce
• In 1950‟s companies began to use computers to store and process internal transaction records. • By 1960‟s businesses that engaged large volume of transaction had began exchanging transaction information on punched card. • In 1968 Transportation Data Co-ordination Committee (TDCC ) wasormed by some companies.
Dimensions of E-commerce
Business-to-Business (B2B) Business-to-Consumer (B2C) Business-to-Government (B2G)
Here business trades directly with government or agencies. Such as supplies for school, hospitals and other government institutions.
Benefits Of E-Commerce
E-commerce allows people to carry out businesses without the barriers of time or distance. The direct cost-of-sale for an order taken from a web site is lower than through traditional means (retail, paper based), as there is no human interaction during the on-line electronic purchase order process. It is the cheapest means of doing business. Electronic selling virtually eliminates processing errors, as well as being faster and more convenient for the visitor. it has increased the opportunities for buying alternative products
E-Commerce in Bangladesh
Despite being a under developed country, selected segments of the Bangladeshi business community has embraced technology with reasonable success. The Facsimile in the 1980’s and mobile telephones in the 1990’s popularized modern technology in the mass market. Personal computers and the Internet are also emerging as day-to-day business tools. These positive indicators are favoring the prospects of e-commerce in Bangladesh
E-Commerce In Different Sectors Of Bangladesh
Despite being a under developed country, selected segments of the Bangladeshi business community has embraced technology with reasonable success. The Facsimile in the 1980‟s and mobile telephones in the 1990‟s popularized modern technology in the mass market. Personal computers and the Internet are also emerging as day-to-day business tools. These positive indicators are favoring the prospects of e-commerce in Bangladesh.
Some sectors in Bangladesh where E-Commerce is used are: ● ● ● ● ● ● Banking on the Web (Online Banking) Online Shopping Web Hosting, Domain Online cards, gifts Pay Bill Education; Etc.
Today, e-commerce has grown into a huge industry and we can clearly see that in near future how much it going to be bloomed. Successful ecommerce will become a notion absolutely inseparable from the web, because eshopping is becoming more and more popular and natural. At the same time severe rivalry in the sphere of ecommerce services will intensify their development.