E COMMERCE UNIT 01 SHORT NOTES


E COMMERCE

UNIT 01 NOTES

BUSINESS OPERATIONS

Business operations refer to activities that businesses engage in on a daily basis to increase the value of the enterprise and earn a profit.

ELEMENTS OF BUSINESS OPERATIONS

product, market, money & people.

LIMITATIONS OF TRADITIONAL COMMERCE

Consumers have to travel a certain distance for the product.

Not all store and businesses have the exact item for the customer.

It costs money to build the physical atmosphere

There is limited time of when the store is opened and shut.

E COMMERCE ORIGIN

E-commerce originated in a standard for the exchange of business documents, such as orders or invoices, between suppliers and their business customers. Those origins date to the 1948–49 Berlin blockade and airlift with a system of ordering goods primarily via telex.

TECHNOLOGIES E COMMERCE

Electronic commerce draws on technologies such as mobile commerce, electronic funds transfer, supply chain management, Internet marketing, online transaction processing, electronic data interchange (EDI), inventory management systems, and automated data collection systems













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