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Business Skills for E-Commerce

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Business Skills for E-Commerce
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E-Commerce

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Contents
Learning Outcome 1 1 What is E-Commerce? 1 Role and Functionality of E-Commerce 2 Assessing Parcel2Go.com 2 Business Aims of Parcel2Go.com 4 Conclusion 4 Learning Outcome 2 4 E-Commerce: Analysis of Business and Consumer Impact 4 Global Impact of E-Commerce on Society 6 Impact on Jobs and Careers: 7 Impact on Educational Institutes: 7 Impact on Customer Base: 7 Global Impact: 7 Pros and Cons: 7 Learning Outcome 3 8 Market Potential for E-Commerce 8 1. Monopoly: 8 2. Division of Work: 9 3. Job Opportunities: 9 4. Limited Risk: 9 5. Healthy Competition: 9 6. Intensified Price Competition: 9 Evaluation of E-Commerce System of Parcel2Go.com 10 PEST Analysis 11 Financial Implications Related to E-Commerce in Parcel2Go.com 12 Running Costs: 13 Trustworthy Website: 13 Hacking: 13 High Risk: 13 Considerable Technical, Financial, Security Related and Legal Solutions in E-Commerce 14 Technical Solution: 14 Financial Solution: 14 Security Solution: 15 Legal Solution: 15 E-Commerce Design Principles: 15 Conclusion 16

Learning Outcome 1

What is E-Commerce?
‘E’ stands for electronic, so E-Commerce generally means doing business through electronic media. Nowadays the electronic media is the best and fastest medium for promoting a product directly to the consumers. Electronic media devices such as televisions, radios, cell phones and personal computers can be found in every house now, so advertising, buying and selling products over these mediums is a very convenient and promising way of doing a good business. It also gives the customers the ease of ordering stuff from home and receiving it on their doorstep. With the newly found scope of the E-Commerce in industry, many businesses started devising new ways of making the E-Commerce practical, more convenient and available

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