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Definition of E-Commerce Video Lecture | E-Commerce - B Com

100 videos|55 docs|19 tests

FAQs on Definition of E-Commerce Video Lecture - E-Commerce - B Com

1. What is e-commerce?
Ans. E-commerce refers to the buying and selling of goods and services over the internet. It involves online transactions between businesses, consumers, and even governments.
2. How does e-commerce work?
Ans. E-commerce works by utilizing online platforms, websites, or mobile apps to showcase products or services. Customers can browse through the offerings, select items, and make payments electronically. The seller then processes the order and arranges for delivery or provides digital access to the purchased goods.
3. What are the advantages of e-commerce?
Ans. E-commerce offers several advantages, including convenience, as customers can shop anytime and anywhere. It also provides a wider range of products and services, often at competitive prices. E-commerce eliminates geographical limitations, allows for easy comparison shopping, and offers personalized recommendations based on customer preferences.
4. What are some popular e-commerce platforms?
Ans. Some popular e-commerce platforms are Amazon, eBay, Shopify, and Alibaba. These platforms provide a marketplace for sellers to showcase their products or services and offer a user-friendly interface for customers to make purchases.
5. What are the challenges faced in e-commerce?
Ans. E-commerce faces challenges such as online security concerns, including fraud and data breaches. There can also be issues with product quality, delivery delays, or unsatisfactory customer service. Additionally, competition among e-commerce businesses can make it difficult for smaller sellers to stand out and attract customers.
100 videos|55 docs|19 tests
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