E-COMMERCE

E-COMMERCE

ABSTRACT:

In this paper we discuss a modern business methodology that addresses the need of organizations to cut costs while improving the quality of services and increasing the speed of service delivery. E-commerce describes a new approach to perform traditional functions like funds transfer, invoicing, e-catalogs, advertising, marketing & customer support functions.
This happened when corporates started seeing the Internet as weapon through which they can reach beyond their origins of their limited markets within fraction of seconds.  The emergence of e-Commerce created the hope for entirely new sales and distribution channel options that radically improved levels of customer support at much lower costs. Once commercial purpose of web got greater momentum, e-commerce played a vital role in mobilizing things faster.
Thus explosive growth in E-commerce is fueling a new wave in business environment through which marketing of goods have become easier than ever.