E-marketplace, E-mall, E-tailing Essay - 1125 Words

Introduction: There are various electronic commerce activities and mechanisms. E-Commerce Activities and Mechanisms include the following but not limited to: E-Market Place: It is an online market usually B2B where buyers and sellers exchange goods or services. EC transactions take place in the electronic equivalent of a mall called the electronic marketplace (e-marketplace). Electronic marketplaces utilize different tools (electronic shopping cart, e-catalog, fulfillment technologies, and checkout and payment mechanisms) to provide the equivalent brick and mortar shopping tools. Types of Electronic Market Places: 1. Electronic Storefronts: A single companys website where products and services are sold. Example: Walmart†¦show more content†¦A currency converter is particularly useful, whether you have it as part of your script, or as an additional tool. Planet Management, a payment processor who offers international payments, reports that ecommerce stores who use their service to offer multiple currencies increase international sales by up to 25 percent. Techniques: According to Miller (2000), Business approaches and broad range of technology tools that are used to support collaborative product definition management (cPDm) initiatives are having a tremendous impact on the ways companies operate. A major change in enterprise computing is underway as companies apply best-practice processes in combination with a wide range of technologies including product data management, collaboration, visualization, collaborative product commerce, enterprise applications integration, component supplier management, and others. The pace of improvements in cPDm-related technologies continues to accelerate, and companies use these tools to implement process change faster than ever. Whereas not long ago, companies were talking about three- and five-year plans for implementing data management systems; they now are asking what results to expect in six months or less. This represents a significant step forward in industry and a strong emerging movement that is becoming an essential element for companies to successfully compete in the 21st century (Miller,Show MoreRelatedMy Semester Of Learning For Msmit Degree At Sul Livan University1051 Words   |  5 Pages‘Kaagaz’. I would like to share one example here. I own a corporate gifting company by name ‘Kaagaz’ which is a startup, located in Bangalore city of India. It is a very small company which was known only to few locals 3 months back. As I started learning E-commerce course, I understood how important a website is for marketing a company. It is stated that the two main objectives of online marketing are brand development and direct response (D. K. Gangeshwer, 2013). 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