Aims and objectives of e-commerce need of today's business world
Answers
E-Commerce
E-commerce has become the necessity of modern times. With the spread of ICT infrastructure and the boom in mobile telecommunication sector, the people of the world have become connected to one another. The business world has taken advantage of this new development. Everything related to business has been connected to business world. Be it the production, advertisement, sales, order placement, hiring new skilled personnel, management, payments, providing maintenance services, etc., all the business activities have been connected to internet and technology. This blend of commercial activities with the internet and technology has been termed as E-Commerce.
E-commerce is already in vogue. There are online markets such as Upwork.com, Amazon.com, Flipkart.com, etc., where sellers and buyers are doing commercial activities. There is not a field or sphere that is untouched by internet and technology.
The many benefits of e-commerce include efficiency, speed, cost and time-wastage reduction, improved services, better accessibility of services, and more transparency and accountability. So, in conclusion it can be asserted that e-commerce is the need of the hour for everyone in the current times.