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History of E-Commerce Video Lecture | E-Commerce - B Com
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FAQs on History of E-Commerce Video Lecture - E-Commerce - B Com
| 1. What is the history of e-commerce? |  |
Ans. E-commerce, short for electronic commerce, refers to the buying and selling of goods and services over the internet. It emerged in the 1990s with the development of the World Wide Web. Online shopping initially started with the sale of books and soon expanded to include various products and services. Today, e-commerce has become a global industry, revolutionizing the way businesses operate and consumers shop.
| 2. How has e-commerce evolved over time? | |
Ans. E-commerce has evolved significantly since its inception. Initially, online transactions were limited to basic websites with static pages. However, with technological advancements, the introduction of secure payment gateways, and the rise of mobile devices, e-commerce has become more accessible and user-friendly. The development of online marketplaces, social media platforms, and personalized shopping experiences has further shaped the evolution of e-commerce.
| 3. What are the advantages of e-commerce? | |
Ans. E-commerce offers several advantages for businesses and consumers. For businesses, it provides global reach, cost-efficiency, and the ability to operate 24/7. It allows businesses to target a wider customer base and reduce overhead costs associated with physical stores. For consumers, e-commerce provides convenience, a vast range of products, competitive prices, and the ability to compare and research products before making a purchase.
| 4. What challenges does e-commerce face? | |
Ans. Despite its numerous benefits, e-commerce also faces various challenges. One of the major challenges is ensuring the security of online transactions and protecting customer data from cyber threats. Another challenge is the sustainability of e-commerce, including minimizing packaging waste and reducing carbon emissions from shipping. Additionally, maintaining customer trust, handling returns and customer service, and dealing with counterfeit products are other challenges faced by e-commerce businesses.
| 5. How has e-commerce impacted traditional retail? | |
Ans. E-commerce has had a significant impact on traditional retail. Many brick-and-mortar stores have faced challenges due to the rise of online shopping. Traditional retailers have had to adapt and develop an online presence to stay competitive. Some have even shifted to a hybrid model, combining physical stores with online platforms. Moreover, e-commerce has led to changes in consumer behavior and expectations, with customers increasingly demanding seamless online experiences, fast shipping, and personalized recommendations.
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Nov 22, 2024 Last updated |
Video Description: History of E-Commerce for B Com 2024 is part of E-Commerce preparation.
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