E-commerce Essay -- Business and Management Studies

E-commerceExplain what is pixilatedt by the term E-commerce.It is the conducting of business chat and transactions overnetworks and through computers. As most restrictively defined,electronic commerce is the buying and selling of goods and services,and the transfer of funds, through digital communications. even so ECalso includes all inter-company and intra-company functions (such(prenominal) asmarketing, finance, manufacturing, selling, and negotiation) thatenable commerce and recitation electronic mail, EDI, file transfer, fax,video conferencing, workflow, or interaction with a far computer. electronic commerce also includes buying and selling over the Web,electronic funds transfer, smart cards, digital cash (e.g. Mondex),and all other ship bottomlandal of doing business over digital networks.Assess the advantages and disadvantages of E- Commerce informationsystems. both(prenominal) the consumer and the supplier of a product support benefit from whenusing Electronic Commerc e many obvious advantages. The consumer canbrowse through a whole shopping mall from the comfort of his or herown 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 keeping their lay in open twenty fourhours a day, seven days a week - without having to hire the staff tomaintain it which saves a lot of silver which path they can focus onbetter prices for their products and greater profits. The net profitopens up the customer base widely, allowing many customers theopportunity to view their product.First, businesses can communicate with customers easily. The businesscan receive and send e-mails from/to customers. This allows customersto quickly wedge in contact with the business. This can also be done tosuppliers is well. This means that the business will forge closerrelationships with customers and suppliers. In addition, e-commerce allows customers to look at the businessesproducts from their home. This means that customers will be able tolook or buy the product at any time rather than only 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 addition and that more people can see their product. Moreover, it is say that trad... ...First, careful design of enteration will aid the prevention of unintentional errors in recording and processing.Besides, the accurate processing of a transaction document requiresthose responsible to carry out the organisations procedurescorrectly. These should be qualify in a procedures manual.Furthermore, separation of functions is aimed at preventing fraud. Ifa single element of staff were to be in charge of carrying out all theprocedures machine-accessible with a transaction then it would be possible, andmight be tempting, for that person to create fraudulent transactions. When these functions are se parated and placed in the detainment ofdifferent individuals, fraud may still be tempting only will be lesspossible.A business relies on its force play. So, personnel must be selected andtrained effectively to ensure that they are qualified to carry out thetasks required of them.Also, physical controls may be use as a preventive measure avoidingillegal loss 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.