Electronic commerce process as a method to improve the product and process

Abstract

Electronic commerce, or E-commerce, is conducting business over the Internet. Usually it refers to buying and selling goods and services, and transferring funds digitally. There are many benefits to Electronic commerce business, not the least of which is reduced transaction costs. When offline stores calculate transaction costs, they have to factor in countless business expenditures along with the actual number of transactions. When there are fewer transactions, the cost of per transaction is higher. On the other hand, transactions arriving in high quantity can overwhelm your personnel and distributors.