E Commerce in Bangladesh

E-COMMERCE

What is E-Commerce

E-commerce is Electronic Commerce which means buying and selling of goods and services over electronic systems through Internet and other computer networks . Ecommerce provides a quick and convenient way of exchanging goods and services both regionally and globally. The most popular medium in which e-Commerce is conducted is ● Electronic Data Interchange (EDI) ● Electronic mail (E-mail) ● World Wide Web (WWW) ● Internet Applications ● Network Applications

History Of E-Commerce

• In 1950‟s companies began to use computers to store and process internal transaction records. • By 1960‟s businesses that engaged large volume of transaction had began exchanging transaction information on punched card. • In 1968 Transportation Data Co-ordination Committee (TDCC ) wasormed by some companies.

Dimensions of E-commerce

Business-to-Business (B2B) Business-to-Consumer (B2C) Business-to-Government (B2G)

Business-to-Business(B2B)

It describes commerce transactions between businesses. It is the largest form of ecommerce. In this form, the buyers and sellers are both business entities and do not involve an individual consumer. It is like the manufacturer supplying goods to the retailer or wholesaler.

Business-to-Consumer(B2C)

It refers to the activities of businesses serving end customers with product and services. The basic concept behind this type is that the online retailers and marketers can sell their products to the online consumer by using crystal clear data which is made available via various online marketing tools.

Business-to-Government(B2G)

Here business trades directly with government or agencies. Such as supplies for school, hospitals and other government institutions.

Benefits Of E-Commerce

E-commerce allows people to carry out businesses without the barriers of time or distance. The direct cost-of-sale for an order taken from a web site is lower than through traditional means (retail, paper based), as...