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Fundamentals of E-Commerce Video Lecture | E-Commerce - B Com
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100 videos|55 docs|19 tests
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FAQs on Fundamentals of E-Commerce Video Lecture - E-Commerce - B Com
| 1. What are the main components of e-commerce? |  |
Ans. The main components of e-commerce are online shopping websites, online payment systems, secure online transaction processing, electronic data interchange (EDI), and inventory management systems.
| 2. How does e-commerce impact traditional retail businesses? | |
Ans. E-commerce has a significant impact on traditional retail businesses. It allows businesses to reach a global customer base, reduces operational costs, and provides convenience to customers. However, it also poses challenges for traditional retailers to adapt to the changing market dynamics and compete with online retailers.
| 3. How does e-commerce contribute to the growth of small businesses? | |
Ans. E-commerce provides small businesses with the opportunity to expand their reach beyond local markets and compete with larger companies. It allows them to establish an online presence, reach a wider customer base, and operate 24/7. Additionally, e-commerce platforms often offer cost-effective solutions that enable small businesses to sell products and services online.
| 4. What are the security concerns in e-commerce? | |
Ans. Security concerns in e-commerce include online fraud, data breaches, identity theft, and customer privacy. To address these concerns, e-commerce businesses implement measures such as secure payment gateways, encryption technologies, SSL certificates, two-factor authentication, and regular security audits.
| 5. How can businesses improve their e-commerce conversion rate? | |
Ans. Businesses can improve their e-commerce conversion rate by optimizing their website's user experience, streamlining the checkout process, offering personalized product recommendations, providing detailed product information, implementing customer reviews and ratings, and offering competitive pricing and promotions. Additionally, businesses can leverage digital marketing strategies to drive targeted traffic to their e-commerce website.
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Nov 22, 2024 Last updated |
Video Description: Fundamentals of E-Commerce for B Com 2024 is part of E-Commerce preparation.
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