Industry: e-Commerce

E-commerce and e-business are the two anticipated concepts that deal with pursuing transactions with the help of the internet. These two concepts operate respectively with the help of the platform of electronic media. The aspect of buying and selling products and services and providing online services falls under the category of e-commerce. The notion of e-commerce is majorly driven with the help of technological advancement. The notion of online shopping, digital marketing, and teleconference falls under the category of e-commerce. The concept of e-commerce helps the customers to mitigate the geographical barriers while purchasing any products and services.

E-commerce industry

The e-commerce industry deals with online marketing, internet banking, online ticketing and many such aspects. The industries of e-commerce are highly competitive in the global world and mainly compete in online platforms. The major factors of the e-commerce industry are delivery systems and customer interaction. The different types of e-commerce business, which persist in the e-commerce industry, are business-to-business, business to customer and customer to the business. The major factors of the e-commerce industry, which boost the profitability aspects, are supply chain management, warehouse operations, shipping and returns, client relationship management, product catalogues and marketing campaigns. The concept of e-commerce is largely practised in worldwide business to enhance the engagement of the customers. The major influencing factor behind the concept of e-commerce is its logistics sector. Logistics and supply chain management plays a crucial role in the e-commerce segment. The pace of e-commerce is increasing day by day due to an increase in internet usage among people. The usage of mobile devices plays a vital role in increasing the demand for e-commerce businesses. The marketing strategy of any startup in the e-commerce industry could be enhanced with social media platforms, branding, and search engine optimization and branding. 

E-commerce and e-business

The concept of e-commerce and e-business both are integral parts of the e-commerce industry. The major difference between both concepts is that e-commerce is part of the e-business. The aspect of e-business can be defined as the business, which could be operated with the help of electronic data. On the other hand, e-commerce could be described as the key component of e-business. Some examples of e-commerce are Amazon and Flipkart whereas some examples of e-business are Yahoo, Facebook etc. The concept of e-business deals with operating transactions and information over the internet based on commercial purposes. The notion of e-business deals with any type of trading over the internet. The idea of e-business also provides technical support to the customers while pursuing commercial transactions. The notion of e-business comprises many business processes like supply chain management, customer relationship management etc. The different types of e-business are pure play and brick and click. In the aspect of e-business, each transaction takes place with the help of the internet. The major point of difference between the two aspects is e-commerce deals with monetary transactions whereas e-business deals with both monetary and allied transactions. The aspect of e-commerce deals with trading goods and services across the web whereas the aspect of e-business deals with commercial transactions and other services. 

E-commerce entity

The e-commerce entity could be defined as the person who operates and manages the platform of digital media of e-commerce. There are two types of e-commerce entities namely inventory e-commerce entity and marketplace e-commerce entity. The act of consumer protection as per section 3(b) defines an e-commerce entity as the person who operates electronic commerce. The entity of e-commerce witnesses unlimited liabilities. The entity is liable to provide information regarding the marketplace of operations. The primary responsibility of an entity is to sell goods and services in its registered electronic platforms. The entity must reveal the origin of the digital products, which are being traded. The entity mainly manages the inventory of the goods and manages multi-channel retailers. The major responsibility of the e-commerce entity is to reveal the date and details of the product to the importers while importing the product. The entities take care of the bulk orders and establish effective supply chain management. The main duty of the e-commerce entity is to display its products and provide proper and authentic data regarding the product to the customers. The entity also establishes a grievance to help the customers regarding any issues. The e-commerce entity plays a crucial role in expanding the territory of the e-commerce business across the world.

Conclusion 

The impact of e-commerce plays a crucial role to enhance business activities worldwide. The significant impact of e-commerce affects the operational activities of e-business. The notion of e-commerce mainly helps the customers to overcome the geographical barriers while purchasing a product. The different aspects of e-commerce have been evaluated with informative examples. In this assignment, the overview of e-commerce and its different aspects have been highlighted comprehensively. The different aspects of e-commerce have been determined in this assignment. The e-commerce segment mainly deals with evaluating the different segments of buying and trading through the medium of electric platforms.