M.com Part 1 (Semester 2)

E- COMMERCE

Most Important Question Bank for Current Exam

 

Q.3. Describe
scope of e-commerce.

ANS: E-Commerce is a general concept covering any form of
business transaction or information exchange executed using information and communication
technologies ((ICT’s). It includes electronic trading of goods, services and
electronic material.

It takes place between
companies, between companies and their customers or between companies and
public administrations

1) Electronic
Markets:

An electronic market is
the use of ICT where seller offers a range of good and services so that the
buyer can compare the prices of the goods and services and make a purchase decision.
e.g. Airline Booking System

2) Electronic Data
Interchange:

Electronic Data
Interchange (EDI) is the computer-to-computer exchange of business documents in
a standard electronic format between business partners. These are any of the
documents that are typically exchanged between businesses. The most common
documents exchanged via EDI are purchase orders, invoices, payment document and
advance ship notices. There is no need for printed orders and invoices &
delays & errors in paper handling. It is used by organizations that make a
large number of regular transactions. Eg. The exchange of EDI documents is
typically between two different companies, referred to as business partners or trading
partners. For example, Company A may buy goods from Company B. Company A sends
orders to Company B.

3) Internet
Commerce:

Internet Commerce is
the use of the Internet for all phases of creating and completing business
transaction. This application is both for Business to Business (B2B) &
Business to Consumer (B2C) transactions.

 

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