DESCRIBE E-COMMERCE?

DESCRIBE E-COMMERCE?

DEFINITION OF ELECTRONIC COMMERCE

Electronic commerce is subject to numerous definitions. The possible definition of electronic commerce will be:

“Any form of business transaction in which parties interact electronically rather than by physical changes or direct physical contact.”

An OVERVIEW OF CONDUCTING E-COMMERCE TRANSACTIONS:

Let us see how business transaction can be conducted according to E-commerce system.

1. We can get every information about a thing to be purchased by us on the internet, rather going from place to place.
2. We can place an order on the internet, after getting the requisite information.
3. some of the good can be immediately delivered on the computer it self For example computer software, air tickets, hotel booking ,tapes, CD, information, old newspaper etc. this is called online distribution

However some good cannot deliver on the computer. For example, if we want to purchase a car, we can place an order on the internet; but the delivery of the car is not possible on the internet. The dealer will bring the car to our residence, after sometime. This is called physical delivery of the order.

4. Payment can be made over the internet. The buyer can make payment by giving the number of his/her credit card. This system of payment is called electronic funds transfer – EFT.

What is stock exchange?

What is stock exchange?

Stock exchange is an organized market where government securities, shared bonds and debentures of the trading units are regularly transacted. Stock exchange provides a place to the buyers and sellers of the shares and securities. Stock exchange indicates about the good or bad health of economy. If the share prices are raising it means country is running on the path of development and prosperity. If the shares are falling, it is a sign of downfall of the economy. 

Importance of stock exchange market

1. Increase in capital formation

2. Provides market:

3. A barometer

4. Provides employment

5. Creates discipline

6. Increase in government fund

7. Improves the habit of saving

8. Economic development

9. Industrial development

10. facilitates the banking system

11. Equilibrium of demand and supply

12. Protection for investors

13. Price determination

14. Compensation fund

Will describe each point in description in next posts.

What does the word business means?

What does the word business means?

Business activities

Business activities refer to those activities which are connected with the production or purchase and sale of goods or services with to object of earning profits. The persons who are engaged in business are called businessmen or entrepreneurs. Similarly an organization for the purpose of business activities is called a business enterprise or business organization.

INTODUCTION

WORD "BUSINESS"

Literally the world business means busyness or the state being busy

Simple meaning

1.”Business include all those legal activities, which are related with earning profits”

2.”Business include all those economic activities, which are related with earning wealth”

Definitions

1.”every human activities which is engaged in, for the sake of earning profit are called business” (james Stephenson)

Criticism

According to this definition, illegal activities are considered as business like theft and smuggling.

2.”human activities directed towards production or acquiring wealth through buying and selling of goods”(l.h Haney)

3.”business is legal activities that satisfy the human need and want by providing goods and services for private profit” (Bittel)

Business activities can be of various kinds. These may be fishing, mining, agriculture cultivation, banking or industry; whether they may be conducted by a limited company or by a Patnership firm or by one man. Whether the business is done on whole sale or retail level. In short every human activity made to earn income or profit is known as a business if the goods are produced to fulfill personal needs only, this activity cannot be called business. Earning of profit is special mark of business. As compared with commerce and industry the word business is in the wider sense. It also includes all those factors helps the man to earn profit by satisfying material, spiritual and mutual needs.

Final result

Legal human activities

↓↓

Conducted for

↓↓

Earning profit

↓↓

Called

BUSINESS