Understanding e commerce
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E-commerce refers to business conducted over the internet and is now nearly ubiquitous. As the world becomes busier, people increasingly rely on computers and online shopping for needs like groceries, gifts, and banking. Examples of companies involved in e-commerce include eBay, Tesco, iTunes, Microsoft, and McDonald's to varying degrees. E-commerce is growing rapidly due to its convenience, speed of transactions, and wide global reach. However, there are also risks like sellers not delivering goods, theft of credit card details, and fraudulent purchases.
Understanding e commerce
- 2. E-Commerce is impossible to avoid now days .Almost everyone in the western world is at one point a consumer of the growing industry of e-Commerce Because the world is becoming busier all the time people are relying more heavily on computers to organise all their needs ;shopping for food, buying presents and even sorting out their banking.
- 3. Examples of e-Commerce Here are some different businesses, see if you can work out which are involved in e- Commerce and why: • EBay • Tesco • iTunes • Microsoft • McDonalds
- 4. Examples of e-Commerce cont. As you will have noticed by now everything we do is part of e-commerce. This is because everything now can be done online as well as in the shops. • EBay –An online based auction room • Tesco –Also does internet shopping • iTunes –Buy music online. • Microsoft –Downloads, sales and technical advice online. • McDonalds –Only advertises online.
- 5. Why e-Commerce?????? E-Commerce is growing so fast because of its quickness- whereas in years gone by people would send a cheque to the company and then the company would cash the cheque before dispatching the goods we can now use instant transactions to transfer money from account to account in a number of seconds.
- 6. Why e-Commerce?????? cont. Another popular factor of e-Commerce is its wide availability – people from everywhere can buy- not just those the company can afford to send a leaflet to, also it means that the internet can be used as an extra income for your spare time. E-Commerce is very low maintenance- you just have to wait for people to buy and then send the goods; simple as!!!
- 7. The Dangers of e-Commerce As with every industry there are downfalls- in the case of e-commerce these downfalls are a way for criminals to make vast amounts of cash with minimal effort- this can happen because: • Sellers never send the goods. • Sellers steal credit card details. • Buyers use a fraudulent account which they cease once they have received the goods , therefore cancelling a payment. • Buyers payments or details are lost due to an error on the servers.
- 8. USER WEBSITE BUYS ITEM CREDIT CARD DETAILS GIVEN How It All DETAILS SENT TO A PAYMENT COMPANY e.g. PAYPAL Works ORDER RECEIVED + PAYMENT CLEARED GOODS SENT!!!