Index IntroductionEvolution of CommerceFunctions of E-Commerce in Different IndustriesClassification of E-Commerce Based on the Activity InvolvedAdvantages of Online ShoppingElectronic commerce, primarily known as e-commerce, is a platform for exchanging goods and services between customers. Huge growth is expected over the years and in the coming years. E-commerce that is breaking down the old shopping phenomenon and implementing new trends. and also a way to inspire people to transact. Here, in the online platform, a customer can not only purchase goods and products but can also avail travel, entertainment, clothing, groceries, gadgets and other professional services. E-commerce has a variety of characteristics, from low to high price, shipping, delivery, quality and so on. E-commerce is believed to be a laggard in India, but it is witnessing a rapid boom in recent times. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an Original Essay IntroductionA business of buying or selling goods and services or products online over the Internet is called e-commerce. Electronic commerce, mainly known as e-commerce, is used in various technologies such as mobile devices, electronic funds transfers, Internet marketing, online transaction processes, inventory management systems, electronic data exchange, automated collection systems data. Modern technology uses the WWW, or World Wide Web, in lifecycle transactions. It also involves the transfer of information within the Internet. The Internet covers a wide range of different types of businesses, from consumer to retailers. This is emerging widely across the world, as it is becoming popular due to its numerous benefits. The electronic exchange of products happens in a very short time, which is why it is growing rapidly in a short span of time. Evolution of Trade Trade has evolved greatly over the centuries. Previously trade simply meant "barter system" in which things were exchanged, such as exchanging food for clothing or exchanging food for food such as cereal for milk. Slowly the evolution of money began and was called the "market" where things were exchanged only for money. Then the functions of 4Ps i.e. Product, Price, Place and Promotions began. And for the convenience of people, door-to-door trade began to evolve, called door-to-door. There was also a change to Price to Place. Since over the centuries there was a huge change in trade. Similarly, the postal system also had an evolution leading to the "Mail Order Catalogue". Subsequently, with the growing infrastructure in the field of communications and transportation, “Teleshopping” dominated the market. Therefore the latest trend in e-commerce is one that can be done over the Internet. Internet is becoming popular day by day as there is a huge platform for buyers and sellers to buy and purchase goods and services. “E-commerce” is emerging all over the world for its many advantages and for being one of the simplest mediums relied upon by thousands and thousands of consumers and is the borderless business medium in the era of globalization. Functions of E-commerce in Different Industries Online Travel: Purchasing tickets, hotels, and tour packages can be done through online travel websites. Rail, air or bus services are also provided to buy or sell any tickets. Makemytrip, yatra, cleartrip and so on.
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