Running head: E-Commerce

Commerce over the Internet is Relatable Safe
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23 November 2010
Outline
Introduction This section defines the term internet commerce and gives a brief overview of its history.
Requirements for E-commerce
It gives some of the major requirements involved in starting up an E-business. This includes; 1. Online store- for processing or transactions, and making purchases 2. Website- for marketing products 3. Secure interface- for preventing unauthorized people from accessing critical information
Benefits of E-commerce This section gives some of the benefits and opportunities accrued to a business involved in E-commerce. They are; 1. Large number of potential customers- A large number of people rely on the internet thus they are likely to access information pertaining a particular product 2. Timeliness- transactions are facilitated quickly and customers get their products on time 3. Reduced marketing cost- requires very minimal marketing costs as compared to direct marketing 4. Reduced communication cost- communication is done online which is a bit cheaper than use of mobile phones or mails
Limitation and challenges
This part of the research paper gives some of the disadvantages associated with E-commerce 1. Limitation on the type of product- not all products can be sold over the internet because some require huge shipping costs and others are delicate in nature 2. Authetification - before a customer makes a purchase, he has to be reassured that the order is from a reputable business and it comes from the purported source 3. Payment- businesses are faced with the challenge of which payment mechanism to use. It has to be safe, cost effective, and reliable
Conclusion