Best E-commerce Assignment help
E-commerce (electronic commerce) is the buying and selling of goods and services, or the transmitting of funds or data, over an electronic network, primarily the internet. These business transactions occur either as Online retailing has led to a number of E-commerce platforms. They offer users an opportunity to buy products online, pay later and get discounts off the regular prices. If you are a student and need to write an assignment for an E-commerce course, then this is the right place to help you out. We will provide you with the needed information on how to write an E-commerce project and what type of E-commerce assignment needs.
In the last decade, widespread use of e-commerce platforms such as Amazon and eBay has contributed to substantial growth in online retail. In 2007, e-commerce accounted for 5.1% of total retail sales; in 2019, e-commerce made up 16.0%.
How does e-commerce work?
E-commerce is powered by the internet, where customers can access an online store to browse through, and place orders for products or services via their own devices.
In addition to the order details, as this happens an inventory list is created as well as a shipping label is generated automatically. pertaining to the order will then be relayed to a central computer known as the order manager and then forwarded to databases that manage inventory levels. a merchant system that manages payment information (using applications such as PayPal), and a bank computer — before circling back to the order manager. This is to make sure that store inventory and customer funds are sufficient for the order to be processed. After the order is validated, the order manager will notify the store’s web server, which will then display a message notifying the customer that their order has been successfully processed. The order manager will then send order data to the warehouse or fulfillment department, in order for the product or service to be successfully dispatched to the customer. At this point tangible and/or digital products may be shipped to a customer, or access to a service may be granted.
Types of e-commerce
Business-to-business (B2B) e-commerce refers to the electronic exchange of products. services or information between businesses rather than between businesses and consumers. Examples include online directories and product and supply exchange websites that allow businesses to search for products, services and information and to initiate transactions through e-procurement interfaces.
Business-to-consumer (B2C) is the retail part of e-commerce on the internet. The term “vanity commerce” is popular during the dot-com boom, and refers to businesses that sell products or services directly to consumers. Online sellers were a novelty at the time due to their novelty.
Consumer-to-consumer (C2C) is a type of e-commerce in which consumers trade products, services and information with each other online. These transactions are generally conducted through a third party that provides an online platform on which the transactions are carried out.
Consumer-to-business (C2B) is a type of e-commerce in which consumers make their products and services available online for companies to bid on and purchase. This is the opposite of the traditional commerce model of B2C.
Business-to-administration (B2A) refers to transactions conducted online between companies and public administration or government bodies. Many branches of government are dependent on e-services or products in one way or another, especially when it comes to legal documents, registers, social security, fiscals and employment. Businesses can supply these electronically. B2A services have grown considerably in recent years as investments have been made in e-government capabilities.
Consumer-to-administration (C2A) refers to transactions conducted online between individual consumers and public administration or government bodies. The government rarely buys products or services from citizens, but individuals frequently use electronic means in the following areas:
Education. Disseminating information, distance learning/online lectures, etc.
Social security. Distributing information, making payments, etc.
Taxes. filing tax returns, making payments, etc.
Health. Making appointments, providing information about illnesses, making health services payments, etc.
Mobile e-commerce M-commerce, a type of e-commerce that takes place on mobile devices.M-commerce encompasses mobile shopping, mobile banking, and mobile payment methods. Chatbots also offer an opportunity for e-commerce because they allow customers to purchase products by voice or text without needing a visual component.
Advantages and disadvantages of e-commerce
Benefits of e-commerce include its around-the-clock availability, the speed of access, the wide availability of goods and services for the consumer, easy accessibility and international reach.
Availability. Aside from outages or scheduled maintenance, online shopping sites are available 24×7. This means visitors can browse and shop anytime they want, not just on weekdays when stores are open.
Speed of access. E-commerce sites work differently than physical stores because online shoppers won’t encounter crowded displays. This can be attributed to the amount of bandwidth and computing power available to the customer and the website they’re browsing, as these matter for speed.. Product pages and shopping cart pages load in a few seconds or less. An e-commerce transaction can comprise a few clicks and take less than five minutes.
Wide availability. Amazon’s first slogan was “Earth’s Biggest Bookstore.” They could make this claim because they were an e-commerce site and not a physical store that had to stock each book on its shelves. E-commerce enables brands to make a wide array of products available, which are then shipped from a warehouse after a purchase is made. Customers will likely have more success finding what they want.
Easy accessibility. Customers shopping a physical store may have a hard time determining which aisle a particular product is in. In e-commerce, visitors can browse product category pages and use the site search feature the find the product immediately.
International reach. Brick-and-mortar businesses can only sell to people who visit and buy from their stores. With the rise of e-commerce, they can reach a much larger customer base and extend their business in a way that wasn’t possible before.
Lower cost. pure play e-commerce businesses avoid the cost associated with physical stores, such as rent, inventory and cashiers, although they may incur shipping and warehouse costs.
Personalization and product recommendations. E-commerce sites can track visitors’ browse, search and purchase history. They can use this data to present useful and personalized product recommendations, and obtain valuable insights about target markets. Examples include the sections of Amazon product pages labeled “Frequently bought together” and “Customers who viewed this item also viewed.”
Some people may not like using e commerce. Reasons include a lack of customer service (although there is some support for that), the inability to try out the product before buying it and waiting for your purchase to ship.
Limited customer service. If a customer has a question or issue in a physical store, he or she can see a clerk, cashier or store manager for help. In an e-commerce store, customer service may be limited: The site may only provide support during certain hours of the day, or a call to a customer service phone number may keep the customer on hold.
Not being able to touch or see. While images on a webpage can provide a good sense about a product, it’s different from experiencing it “directly,” such as playing music on speakers, assessing the picture quality of a television or trying on a shirt or dress. E-commerce can lead consumers to receive products that differ from their expectations, which leads to returns. In some scenarios, the customer bears the burden for the cost of shipping the returned item to the retailer.
Wait time. If a customer sees an item that he or she likes in a store, the customer pays for it and then goes home with it. With e-commerce, there is a wait time for the product to be shipped to the customer’s address. Although shipping windows are decreasing as next day delivery is now quite common, it’s not instantaneous.
Security. Skilled hackers have developed fake software that lets fake-looking web pages “sell” various products. Customers might visit this site, unknowingly taking on fraudulent credit card information, authorize payment for products they do not actually own, and confirm the purchase.Legitimate e-commerce sites also carry risk, especially when customers store their credit card information with the retailer to make future purchases easier. If the retailer’s site is hacked, hackers may come into the possession of customers’ credit card information.
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