The Features Of E-Commerce

Ecommerce or electronic commerce is transactions or other terms of sale that are performed electronically. To start with, you need an motion plan – which can most likely change many times for those who are just beginning. Additionally, you will need the ability to have immediate access to produce the demand. You need to supply the market you are marketing in direction of with constant merchandise to give you constant profit and to give your customers fixed satisfaction.

1) Merchandise can be of inferior high quality or not the same as was advertised or promoted on the seller’s web site. If the high quality is sub-normal, the transaction may be considered a “bait and change” which means that what was offered is different from what the customer receives.

Non practical requirements deal with the usability, security, reliability, and the performance of the procurement system. The usability perform refers to the ease a selected system is to understand and use. Security of the procurement system touches on the hazards that someone might encounter while utilizing the system. Over the previous few years this has become one of the most necessary issues in online purchasing. Consumers are targeted often by criminals who fleece them of their money as well as their information. Reliability refers to the proper functioning that can allow the system to perform effectively every time. The overall performance of the procurement system must incorporate all these elements to keep up all the non practical requirements.

It’s well recognized by the Sri Lankan companies that the future of Sri Lankan eCommerce business is very positive and hopeful. Some people at the higher management levels from these companies think that it is only a tip of the iceberg now. There is way to be experienced in the future.

Money being allocated for the development of internet security systems is to facilitate the growing volume of online transactions and to counteract fraud. As more organizations shift to doing business online, this trend in e-commerce will continue. Banking systems, government transactions and retail storefronts get fixed attention from hackers with malicious intent. The security initiatives are a pure response to counteract this and to increase consumer confidence in online banking and credit card processing systems.

High Prices- One of the main ache point of a seller in the conventional ecommerce business model is the involvement of a middleman, who takes away a very good share of money on every purchase. The seller has to pay the transaction processing fee for completion of each transaction.

Although I’ve heard it many times, I’m not sure where the “We’re too small for e-commerce” myth comes from. Hence, you need to introduce adequate e-commerce security management measures to reduce the risk to your systems. But remember, these controls shouldn’t be so restrictive that they influence the efficiency of your business.