E-commerce Essay -- Business and Management Studies

E- tradeExplain what is meant by the term E-commerce.It is the conducting of course communication and relationss everyplacenetworks and by dint of computers. As most restrictively defined,electronic commerce is the buying and selling of goods and services,and the transfer of funds, through digital communications. However ECalso includes altogether inter-company and intra-company functions (such asmarketing, finance, manufacturing, selling, and negotiation) thatenable commerce and use electronic mail, EDI, file transfer, fax,video conferencing, workflow, or interaction with a remote computer. Electronic commerce also includes buying and selling over the Web,electronic funds transfer, smart cards, digital cash (e.g. Mondex),and all former(a) ways of doing business over digital networks.Assess the advantages and disadvantages of E- Commerce developmentsystems.Both the consumer and the supplier of a product can benefit from when development Electronic Commerce many obvious advantage s. The consumer canbrowse through a whole shopping mall from the comfort of his or her consume home, and products can be purchased and delivered right to theirhome. E-Commerce removes the hassle of crowds and line-ups from theconsumers routine.The supplier has the advantage of property their store open twenty fourhours a day, seven long time a week - without having to hire the staff tomaintain it which saves a apportion of money which means they can focus onbetter prices for their products and great profits. The Internetopens up the customer base widely, allowing many customers theopportunity to imagine their product.First, businesses can communicate with customers easily. The businesscan receive and send e-mails from/to customers. This allows customersto apace get in contact with the business. This can also be do tosuppliers is well. This means that the business provide forge closerrelationships with customers and suppliers. In addition, e-commerce allows customers to pres ent at the businessesproducts from their home. This means that customers leave alone be able tolook or buy the product at any time rather than altogether when they goshopping. Also with the business being on the internet it will meanthat that the business will be able to aim their will be easy to attack and that more people can go to their product. Moreover, it is said that trad... ...First, c areful design of documentation will aid the ginmill ofunintentional errors in recording and processing.Besides, the accurate processing of a transaction document requiresthose responsible to carry out the organisations procedurescorrectly. These should be specified in a procedures manual.Furthermore, separation of functions is aimed at embarrassing fraud. Ifa genius member of staff were to be in charge of carrying out all theprocedures connected with a transaction then it would be possible, andmight be allure, for that person to create fraudulent transactions. When these functions are separated and placed in the hands ofdifferent individuals, fraud may still be tempting but will be lesspossible.A business relies on its personnel. So, personnel must be selected andtrained effectively to ensure that they are competent to carry out thetasks required of them.Also, physical controls may be used as a preventive measure avoidingillegal outrage of assets such as cash is to exclude staff fromunnecessary access to these assets. A range of physical controls maybe used to prevent access locks, safes, and stout doors are obviousmethods.