Ebay
1. Executive Summary
In the following report internet security and online payment facilities were analyzed. Concept of e-commerce is highly attractive and contains some significant advantages for both sellers and buyers. E-security is major issue in online shopping
2. Introduction
Electronic commerce (also referred to as EC, e-commerce or ecommerce) consists primarily of the distributing, buying, selling, marketing, and servicing of products or services over electronic systems such as the Internet and other computer networks. Today, it encompasses a very wide range of business activities and processes, from e-banking to offshore manufacturing to e-logistics. E-commerce is not only a crucial part of a company's long-term corporate strategy in cost containment, but also in maintaining and winning market share in a global marketplace. Many successful purely virtual companies deal with digital products, including information storage, retrieval, and modification, music, movies, office supplies, education, communication, software, photography, and financial transactions. Examples of this type of company include: Google, eBay and Paypal. E-commerce companies survive not only based on their products, but by having a competent management team, good post-sales services, well-organized business structure, network infrastructure and a secured, well-designed website.
3. Analysis
3.1 Advantages and disadvantages of online shopping
Online shopping has been very popular among internet users. Main reasons for purchasing products over the Internet are:
• It saves time
• Possibility to compare products within or between stores
• Payments are possible seven days a week, 24 hours a day
• Competitive prices
• Help companies operate more efficiently by cutting overheads and helping to meet customer needs more quickly
IRG (Interactive Media in Retail Group) predicts that...
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