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• There are various advantages of using corporate Web sites as a promotional medium where successful initiatives provide premium content, market research, onlinecontests, coupons etc.
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• Electronic commerce increases the speed and accuracy with which businesses can exchange information, which reduces costs on both sides of transactions. • Some consumers are still fearful of sending their credit card numbers over the Internet and having online merchants-merchants they have never met-know so much about them.
• To many people, the term ”electronic commerce” means shopping on the part of the Internet. However, electronic commerce also includes many other activities, such as businesses and internal processes that companies use to support their buying, selling, hiring, planning, and other activities.
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• Firms are interested in electronic commerce because, quite simply, it can help increase profits. Just as electronic commerce increases sales opportunities for the seller, it increases purchasing opportunities for the buyer. Business can use electronic commerce to indentify new suppliers and business partners.
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• Recent surveys have found that more than 85 percent of worldwide consumer Internet purchases are paid for with credit cards.
December 19, 2008
Decusiness-to-business is that companies buying from and selling to each other online. But there’s more to it than purchasing. It’s evolved to encompass supply chain management as more companies outsource parts of their supply chain to their trading partners.