E-commerce Essay -- Business and Management Studies

E- workExplain what is meant by the term E-commerce.It is the conducting of business communication and transactions overnetworks and through computers. As close to restrictively defined,electronic commerce is the buying and selling of goods and services,and the transfer of funds, through digital communications. However ECalso includes all inter-company and intra-company functions (such(prenominal) asmarketing, finance, manufacturing, selling, and negotiation) thatenable commerce and use electronic mail, EDI, file transfer, fax,video conferencing, workflow, or interaction with a remote computer. Electronic commerce also includes buying and selling over the Web,electronic funds transfer, smart cards, digital cash (e.g. Mondex),and all other ways of doing business over digital networks.Assess the advantages and disadvantages of E- Commerce informationsystems.Both the consumer and the supplier of a product can benefit from whenusing Electronic Commerce many obvious advantages. The cons umer canbrowse through a whole shop mall from the comfort of his or herown home, and products can be purchased and delivered right to theirhome. E-Commerce removes the hassle of crowds and line-ups from theconsumers routine.The supplier has the advantage of keeping their store open twenty cardinalhours a day, seven days a week - without having to hire the staff tomaintain it which saves a lot of money which means they can focus onbetter prices for their products and greater profits. The Internetopens up the customer base widely, allowing many customers theopportunity to view their product.First, businesses can communicate with customers easily. The businesscan receive and appoint e-mails from/to customers. This allows customersto quickly get in contact with the business. This can also be done tosuppliers is well. This means that the business will forge closerrelationships with customers and suppliers. In addition, e-commerce allows customers to style at the businessesproducts fro m their home. This means that customers will be able tolook or buy the product at any time rather than only when they goshopping. Also with the business being on the internet it will meanthat that the business will be able to aim their will be subdued toaccess and that more people can see their product. Moreover, it is said that trad... ...First, c atomic number 18ful design of documentation will aid the prevention ofunintentional errors in save and processing.Besides, the accurate processing of a transaction document requiresthose responsible to carry out the organisations procedurescorrectly. These should be specified in a procedures manual.Furthermore, legal separation of functions is aimed at preventing fraud. Ifa single member of staff were to be in charge of carrying out all theprocedures connected with a transaction then it would be possible, andmight be tempting, for that person to create fraudulent transactions. When these functions are separated and placed in the hands ofdifferent individuals, fraud may still be tempting but will be lesspossible.A business relies on its personnel. So, personnel must be selected andtrained effectively to ensure that they are competent to carry out thetasks required of them.Also, physical controls may be used as a preventive measure avoidingillegal loss of assets such as cash is to exclude staff fromunnecessary access to these assets. A range of physical controls maybe used to prevent access locks, safes, and intrepid doors are obviousmethods.