Podcast
Questions and Answers
What is one advantage of e-commerce over traditional commerce?
What is one advantage of e-commerce over traditional commerce?
What is a limitation of e-commerce?
What is a limitation of e-commerce?
What is an example of a B2C e-commerce platform?
What is an example of a B2C e-commerce platform?
What type of e-commerce involves transactions between businesses?
What type of e-commerce involves transactions between businesses?
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What is a type of e-commerce that allows consumers to trade with each other?
What is a type of e-commerce that allows consumers to trade with each other?
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What is a disadvantage of e-commerce related to product quality?
What is a disadvantage of e-commerce related to product quality?
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What is a limitation of e-commerce due to technology?
What is a limitation of e-commerce due to technology?
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What is a characteristic of e-commerce that allows customers to compare products?
What is a characteristic of e-commerce that allows customers to compare products?
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What does E-Commerce stand for?
What does E-Commerce stand for?
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What is a key difference between traditional commerce and E-Commerce?
What is a key difference between traditional commerce and E-Commerce?
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What is one of the popular Nepali online shopping sites?
What is one of the popular Nepali online shopping sites?
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What is one of the E-commerce trends in Nepal?
What is one of the E-commerce trends in Nepal?
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What is an advantage of E-Commerce?
What is an advantage of E-Commerce?
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What is one of the technologies used in E-Commerce?
What is one of the technologies used in E-Commerce?
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How can customers pay for online purchases in Nepal?
How can customers pay for online purchases in Nepal?
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What is a key similarity between traditional commerce and E-Commerce?
What is a key similarity between traditional commerce and E-Commerce?
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Study Notes
E-Commerce Definition and Technologies
- E-Commerce is the process of buying and selling goods and services over digital devices using the internet.
- E-Commerce involves the paperless exchange of business information using various information systems and technologies.
- Technologies used in E-Commerce include Email, Fax, Online Catalog and Shopping Carts, Electronic Data Interchange (EDI), Online Payment Gateway, Online Security Tools, and Information sharing and distribution protocol.
Traditional Commerce vs. E-Commerce
- Both traditional commerce and E-Commerce aim to make a profit, deliver high-quality products or services, and serve a large number of customers.
- E-Commerce customers expect shorter fulfillment times, must understand web-based technology, and can order products without human interaction.
- E-Commerce provides a global audience, whereas traditional commerce is limited by geographical location.
E-Commerce Practices in Nepal
- In Nepal, online shopping sites like daraz.com.np, nepbay.com, BhatBhatenionline.com, Metrotarkari.com, kinmel.com.np, hamrobazaar.com, and muncha.com allow customers to buy and sell goods and services.
- Popular payment methods in Nepal include e-Sewa, Khalti, and cash on delivery.
Advantages of E-Commerce
- Faster buying/selling procedures and easy-to-find products.
- Ability to buy/sell anytime and anywhere, with no geographical limitations.
- Low operational costs and better quality of services.
- No need for physical company set-ups and easy to start and manage a business.
- Customers can review comments and compare products on different sites without moving around physically.
Disadvantages of E-Commerce
- Lack of personal touch and inability to touch goods physically.
- Dependency on internet technologies and potential security issues with customer information.
- Not all goods can be purchased online, and technical failures can cause unpredictable effects.
- Not everyone has access to the internet, limiting the scope of E-Commerce.
Types of E-Commerce
- Business to Consumer (B2C): selling products and services directly to end-users (e.g., Amazon.com).
- Business-to-Business (B2B): transactions between businesses, such as between a manufacturer and wholesaler (e.g., Alibaba).
- Consumer to Consumer (C2C): consumers trade with each other, typically in an online environment.
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Description
This quiz covers the basics of e-commerce, including the technology used in e-commerce, such as email, fax, online catalogs, and electronic data interchange. It also touches on online payment gateways and security tools.
