Seven Unique features of E-commerce

Ubiquity- The traditional business market is a physical place, access to treatment by means of document circulation. For example, clothes and shoes are usually directed to encourage customers to go somewhere to buy. E-commerce is ubiquitous meaning that it can be everywhere. E-commerce is the worlds reduce cognitive energy required to complete the task.

Ex, clothes and shoes are usually directed to encourage customers to go somewhere to buy. E-commerce is ubiquitous meaning that it can be everywhere. E-commerce is the worlds reduce cognitive energy required to complete the task.

Global Reach- E-commerce allows business transactions on the cross country bound can be more convenient and more effective as compared with the traditional commerce. On the e-commerce businesses potential market scale is roughly equivalent to the network the size of the world's population.

Exu Demographics•age•income•race•gender•religion

Universal Standards- E-commerce technologies is an unusual feature, is the technical standard of the Internet, so to carry out the technical standard of e-commerce is shared by all countries around the world standard. Standard can greatly affect the market entry cost and considering the cost of the goods on the market. The standard can make technology business existing become more easily, which can reduce the cost, technique of indirect costs in addition can set the electronic commerce website 10$ / month.

ExuThe World Wide Web – Standards are becoming #1 priority (XML, HTML, etc.)

Richness- Advertising and branding are an important part of commerce. E-commerce can deliver video, audio, animation, billboards, signs and etc. However, it’s about as rich as television technology.

Ex.•However, its about as rich as television technology.

Interactivity- Twentieth Century electronic commerce business technology is called interactive, so they allow for two-way communication between businesses and consumers.

Ex.•Here is where Web technology kick’s TV’s ass! Engaging consumer/user is a powerful feature.

Information Density- The density of information the Internet has greatly improved, as long as the total amount and all markets, consumers and businesses quality information. The electronic commerce technology, reduce the information collection, storage, communication and processing cost. At the same time, accuracy and timeliness of the information technology increases greatly, information is more useful, more important than ever.

Ex,•reduces information costs.•raises the quality of information.

Personalization /customization-

commerce technology allows for personalization. Business can be adjusted for a name, a person's interests and past purchase message objects and marketing message to a specific individual. The technology also allows for custom. Merchants can change the product or service based on user preferences, or previous behavior.

Ex Dr. B’s 3-year old son is watching Sponge Bob and sees an advertisement for Polly Pocket. BTW, he hates Polly Pocket or anything pink for that matter.uDr. B’s 3-year old son is play the Bob the Builder Game on noggin.com and suddenly a pop-up ad for the Talking Bob the Builder appears.

DEFINITION  NSFNET-

NSFNET was a network for research computing deployed in the mid-1980s that in time also became the first backbone infrastructure for the commercial public Internet. Created as a result of a 1985 National Science Foundation (NSF) initiative, NSFNET established a high-speed connection among the five NSF supercomputer centers and the National Center for Atmospheric Research, and provided external access for scientists, researchers, and engineers who were not located near the computing centers.

  DEFINITION OF ARPANET-

ARPANET was the network that became the basis for the Internet. Based on a concept first published in 1967, ARPANET was developed under the direction of the U.S. Advanced Research Projects Agency (ARPA). In 1969, the idea became a modest reality with the interconnection of four university computers. The initial purpose was to communicate with and share computer resources among mainly scientific users at the connected institutions. ARPANET took advantage of the new idea of sending information in small units called packets that could be routed on different paths and reconstructed at their destination. The development of the TCP/IP protocols in the 1970s made it possible to expand the size of the network, which now had become a network of networks, in an orderly way.

*THE IMPORTANCE OF ELECTRONIC COMMERCE IN THE BUSINESS?

*The importance of ELECTRONIC COMMERCE in the business ,is to present as your  promoting your product true internet also find as a good strategic to sell your product around the world.in the commercial market you cant present you product to the costumers to persuade to buy your specific product and during transaction can be achieved on the same day as for your costumers,they will save up more time during their transaction. To both the costumers and the business the key factor it is the part you achieved your dream to put a whole business.

* It also allows electronic movements that support revenue generation,such as promoting the demand for those good and services and information.As the e-commerce allows online sales support operation and costumer services.


*Many people have a notion that product that are sold via e-commerce sites are not of good quality.come even think that the product are not original.Ensure that the product you are selling on your website must have high quality standards and be the same as you described on your website.Customers also should not have any complaints with the quality of the product that they buy your website.