Question

Explain - Nature and dynamic of Internet in e-commerce?

Answer 1

Nature and dynamic of Internet in e-commerce

Explanation:

• E-commerce is the purchase and sale of products and services through the Internet and other electronic media by businesses and consumers. E-business is when a company uses Web technologies to enable its processes to do business more efficiently. This could include the provision of goods and services, dealing with customers and the sale of products.  

• All trade-related steps, such as online marketing, ordering payment and delivery support.

• Electronic service delivery such as after-sales support or legal advice on-line.

• Electronic collaboration support between companies such as online collaborative design and engineering or virtual business consultancy.

Answer 2

Dynamic of Internet in e-commerce

Explanation:

• Internet is one of the core elements that is required for E-commerce to take place. For e-commerce means, trading via use of internet because all the buying and selling is done online.

• The nature of such an activity is that just like people come into physical markets to buy and sell their products and services, now they use digital platforms to do the same. There are many famous websites like Alibaba and Amazon that show us how far such trading can go.

• One of its dynamics is that it allows 'Interoperability', meaning that there is an ability to exchange and make use of information.

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