Sunday, July 31, 2016

Write down the characteristics of E-Commerce

 The characteristics of E-Commerce :

1. Unambiguity :
  • Available everywhere
  • Built into other devices
  • Hidden but still there
  • Lower transaction cost for the consumers/buyer
  • Cognitive energy reduces by unambiguity
2. Global React :
  • Easily reach across geographic boundaria
  • Easy to understand how this feature can benefits business and consumers
3. Universal Standards :
  • E-Commerce made possible through h/w and s/w content (world wide web )
  • Universal standards can greatly influence market entry costs
  • Reduce entry costs
  • Lot more competition
4. Richness :
  • Advertising and branding are an important part of e-commerce
  • E-commerce can easily deliver video, audio, animations etc
  • So richness is much better than other technologies.

5. Interactivity:
  • Consumer/user can through with the content

    6. Information Density:
  • Reduce information cost
  • raises the quality of information

  • 7. Personalization/Customization:

  • To do customize the information