Platforms that host e-commerce transactions include online marketplaces that sellers sign up for, such as Amazon software as a service ( SaaS) tools that allow customers to "rent" online store infrastructures or open source tools that companies manage using their in-house developers. At this point tangible or digital products may be shipped to a customer, or access to a service may be granted. The order manager will then send order data to the warehouse or fulfillment department, letting it know the product or service can be dispatched to the customer. It will display a message notifying the customer that their order has been successfully processed. This is to make sure that store inventory and customer funds are sufficient for the order to be processed.Īfter the order is validated, the order manager will notify the store's web server. Finally, it will circle back to the order manager. It will then be forwarded to databases that manage inventory levels a merchant system that manages payment information, using applications such as PayPal and a bank computer. Data pertaining to the order will be relayed to a central computer known as the order manager. Customers access an online store to browse through and place orders for products or services via their own devices.Īs the order is placed, the customer's web browser will communicate back and forth with the server hosting the e-commerce website. How does e-commerce work?Į-commerce is powered by the internet. By 2020, with the start of the COVID-19 pandemic, it had risen to over 16% of retail sales. In 2011, e-commerce accounted for 5% of total retail sales, according to the U.S. ![]() In the last two decades, widespread use of e-commerce platforms such as Amazon and eBay has contributed to substantial growth in online retail. ![]() The term e-tail is also sometimes used in reference to the transactional processes that make up online retail shopping. The terms e-commerce and e-business are often used interchangeably. These business transactions occur either as business-to-business ( B2B), business-to-consumer ( B2C), consumer-to-consumer or consumer-to-business. Ben Lutkevich, Technical Features WriterĮ-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.The real executive power is thus vested in the Council of Ministers with the Prime Minister as its head. As per Article 79 of the Constitution of India, the council of the Parliament of the Union consists of the President and two Houses known as the Council of States (Rajya Sabha) and the House of the People (Lok Sabha).Īrticle 74(1) of the Constitution provides that there shall be a Council of Ministers with the Prime Minister as its head to aid and advise the President, who shall exercise his/her functions in accordance to the advice. The constitutional head of the Executive of the Union is the President. The Constitution provides for a Parliamentary form of government which is federal in structure with certain unitary features. ![]() The Republic is governed in terms of the Constitution of India which was adopted by the Constituent Assembly on 26th November, 1949 and came into force on 26th January, 1950. It is a Sovereign Socialist Secular Democratic Republic with a parliamentary system of government. India, also known as Bharat, is a Union of States.
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |