E commerce application in various industries
in detail please
Answers
Answer:
E-commerce applications is a bit misleading terminology, as it leads to two possible perceptions: one, where it refers to the use of e-commerce as a medium of marketing; retail and wholesale; auctioning; e-banking; booking and so on.
The second idea one gets is that of a software application like Amazon, eBay, Groupon, etc. It may be a web application or mobile application (now popularly known as m-commerce applications). Mobile e-commerce applications are nothing but an extension of e-commerce. Mobile app ideas are the driving force behind every successful business app, be it an Uber-like taxi app or a DoorDash like a food delivery app.
The picture below describes the two meanings accurately. The orange color implicates the use of e commerce applications with the first intention, and the green shows the use for the second.

Most Common E-commerce Applications
let us delve into them in more detail.
1. Retail and Wholesale
E-retailing or online retailing refers to the transaction of goods and services through online stores from businesses to consumers. It is achieved through means such as virtual shopping carts and e-catalogs. The applications of e-commerce in this sector is numerous.
2. Finance
Finance and e-commerce is more connected today than ever. Banks and stock markets use e-commerce significantly in their operation. Online banking provides provisions such as balance check, bill payment, money transfer, etc. Online stock trading enables people to carry out trading electronically by giving information about stocks such as performance reports, analysis, charts, etc. through websites.
3. Manufacturing
In manufacturing, e-commerce forms a medium for companies to execute the electronic exchange. Combined buying and selling, sharing market status, inventory check information, etc. enables groups of companies to fluidly carry out their operations.
4. Auctioning
Applying e-commerce to auctions takes it to a more significant level where people can participate without any geographical boundaries. That leads to more participation, more negotiation, and helps to make auctions successful.
5. Marketing
Marketing activities such as pricing, product features, and building customer relationships can be strengthened using e-commerce to provide users an enhanced and customized shopping experience. Digital marketing strategies have become a significant way to promote businesses.
6. Online Shopping
The shopping preferences of people have undergone a massive change in the last few years. “Go online” has become a mantra for all businesses to succeed. Online shopping is comfortable, convenient, and at most times, cost effective. The prosperity of online shopping apps such as Flipkart, Amazon are proof of this.