PTI Assignment

Hello guys! This is my very first blog and actually I don't know what to write, but because my group will have a presentation about E-Commerce, so i will write a little thing about it. Enjoy your time!

E-Commerce

Definition

Electronic commerce is a wide range of online business activities for products and services. It also pertains to “any form of business transaction in which the parties interact electronically rather than by physical exchanges or direct physical contact.” E-commerce is usually associated with buying and selling over the Internet, or conducting any transaction involving the transfer of ownership or rights to use goods or services through a computer-mediated network. Though popular, this definition is not comprehensive enough to capture recent developments in this new and revolutionary business phenomenon. A more complete definition is: E-commerce is the use of electronic communications and digital information processing technology in business transactions to create, transform, and redefine relationships for value creation between or among organizations, and between organizations and individuals.

 

Advantages of E-Commerce

• Faster buying/selling procedure, as well as easy to find products.
• Buying/selling 24/7.
• More reach to customers, there is no theoretical geographic limitations.
• Low operational costs and better quality of services.
• No need of physical company set-ups.
• Easy to start and manage a business.
• Customers can easily select products from different providers without moving around physically.

Disadvantages of E-Commerce

• Any one, good or bad, can easily start a business. And there are many bad sites which eat up customers’ money.
• There is no guarantee of product quality.
• Mechanical failures can cause unpredictable effects on the total processes.
• As there is minimum chance of direct customer to company interactions, customer loyalty is always on a check.
• There are many hackers who look for opportunities, and thus an e-commerce site, service, payment gateways, all are always prone to attack.

Okay that's a little bit about E-Commerce i guess, hopefully it's not too boring to read about it.
See you on my next post!


Assignment Detail
Lecturer : Daniel Nugraha (ID: D4748)

Course Code: T0604                  

Class: 01PCT

Name: Ryanto Salim
NIM: 1601231415
GSLC - Creating a Blog