Ubiquity- A traditional business market is a physical place, access to treatment utilizing document … Which makes it a fabulous tool for trading globally, which leads to the next feature of E-commerce, global reach. While all websites are unique, there are seven elements that every website site should have to stay relevant and competitive. “Consumer to Consumer (C2C) e-commerce provide a way for consumers to sell to each other with the help of an online market maker” (Laudon … Business Model and eight unique features of e-commerce technology. Some search engines, including Google, will consider Web sites with more backlinks more relevant in search results pages. Last of all, E-Commerce has played a huge role in Social Technology. 1. Slightly unrelated, but equally important as Interactivity, is Information Denseness. 2. It has created new dimensions which were beyond a person's imagination and … Identification techniques for commenting on blogs –      inurl: blog”keyword” comment query       site:.com inurl:blog + “post a comment” + keyword       site:.com inurl:blog + “post a comment” + commentluv enabled       “Add comment” Your Keywords       “Post comment” Your Keywords       “Write comment” Your Keywords       Your Keywords “leave a, Free Dofollow backlink and Nofollow backlinks submission sites 2019 Free Dofollow backlink and Nofollow What is the backlink in SEO? This tells future customers whether or not they will be given fair pricing, quick shipping, and intact products. Use the techniques mentioned below in Google Search. The average internet user gets bored quickly by reading through so much print, so to compensate, E-Commerce has encouraged the trend of information Richness. Nearest store location, online prices, other features of the unit you’re looking for…etc. They allow you to create your entire bicycle from the frame up, choosing colors, handlebars, seat style, chains, pedals….you name it! It is a platform that gives lots of variety to the customer for the same kind of product line, also allows comparing various products and the price of those products. Ubiquity is defined as being something that occurs everywhere. E-Commerce has eight unique features that give it its “Wow” factor. An interesting example is Mission Bicycles, in San Francisco. Eight Unique Features of E-Commerce Technologies Choose an e-commerce company (i.e, Amazon, Etsy.com, Overstock.com, Wayfair.com, Target.com) and assess it in terms of the eight unique features of e-commerce technologies described in Table 1.2 (p. 22). Ubiquity: Looking at the website of eBay we can clearly see that the character “ubiquity” is present. The marketplace has never been more alive than now, with the help of E-commerce! Change ). Google does not transfer the authori, Unique features of E-commerce technology are:-. Now you can easily access your competitor’s, manufacturer’s, and delivery service’s information, which allows you to save on information processing, storage and communication costs. E-commerce can give us convenient and save time, because time is money. In search engine optimization (SEO) terminology a backlink is a hyperlink that links from a Web page, back to your own Web page or website. ( Log Out /  All eight of these features contribute to the reason why E-Commerce is the way of the future for all businesses. Others provide the software and let you take care of the rest. Global Reach refers to the previously smaller, more contained marketplace (where we traditionally did business before the internet – brick and mortar stores) turning outward and morphing into a “marketspace”. They monitor your activities while you are logged into your account, and then tailor the ads you see on the right side of your screen to more accurately reflect your interests. Some platforms offer to take care of everything for you, including hosting and updates. 1 Eight Unique Features of E-Commerce Technologies Abstract E – commerce is the use of the Internet or Web to conduct business. And they all promise great things. This equalizes the playing field for many businesses, because it means anyone can access the information they need to enter the market, and also price discovery is no longer a pain in the butt. Amazon is working all over the world and delivers their product in global market. Create a free website or blog at WordPress.com. Change ), You are commenting using your Twitter account. Chapter 10 1.List and describe eight unique features of e-commerce. Advertising and branding are an important part of commerce. • Define a digital market and digital goods and describe their distinguishing features. E-Commerce has changed the face of the world and also how we do business. • Name and describe four business trends and three technology trends shaping e-commerce today. • List and describe the eight unique features of e-commerce. It’s not feasible to evaluate fifteen pla… The 8 unique features of e-com technology - e Bay. I will help you out from your very primary question to the most complex inquiries. However, because of Information Denseness, pricing has in fact become much easier! Libraries, homes, businesses, people’s personal cell phones and even airplanes, all have access to the internet. There are online agents to chat with you live if you’re having issues with a product, shipping or billing. The great thing about the internet is that pretty much everyone, everywhere, can access it for free or quite cheaply. All of these social technologies are changing the customer experience for the better, turning a regular customer into a brand advocate.” IBM knows the marketspace, Click to share on Twitter (Opens in new window), Click to share on Pinterest (Opens in new window), Click to share on Facebook (Opens in new window), Click to share on Tumblr (Opens in new window), Click to email this to a friend (Opens in new window), Click to share on LinkedIn (Opens in new window), Click to share on Reddit (Opens in new window), E-Commerce and its affect on Business Models, Follow The Life and Times of ShainaMay on WordPress.com, 3 Trends in E-Commerce to Keep An Eye On in 2014. Sites like Facebook, Twitter, LinkedIn, Pinterest, Instagram, and so on, are not merely there for your entertainment. You just need to be able to access the Internet. Explain The eight unique features of e-commerce. As stated in the article, “Social technologies are increasingly being used to connect with customers to build strong and lasting relationships, through ratings and reviews, blogs, micro-blogging, forums and communities like Facebook. Explain The eight unique features of e-commerce.2. Change ), You are commenting using your Google account. It will identify the right list blogs. Ubiquity- The traditional business market is a physical place, access to treatment by means of document circulation. Before moving strategies for blog comments. This WordPress.com site is the bee's knees. Saves precious time: Ecommerce helps in saving the most important thing in today’s modern world: … A good example is Facebook. There is so much pricing information floating around in cyberspace, it seems like it would make things very complicated for a perspective business owner to decide how to fairly price their products. What Are The Unique Features Of E-Commerce 1966 Words | 8 Pages. IBM has a nice little article about how they use Social Technology to increase and improve their interactions with their customers. Searching for “eCommerce,” “sell online,” or any variety of an “online store”-related keyword will bring up at least two to three dozen viable options for creating your own eCommerce business. What is a no-follow backlink? Because of the fact that it is a website, you can visit it whenever and wherever you want. E-commerce refers to commercial transaction business online, you need to know that, it is no surprise that many merchants sell e-goods online. Select ONE e-commerce company and assess it in terms of The eight unique features of e-commerce technology described in Reading materials (see below). Universal Standards - Standards that are shared by all nations around the world. The latest news on WordPress.com and the WordPress community. Choose an e-commerce Web site and assess it in terms of the eight unique features of e-commerce technology described Which of the features does the site imp… Slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. Explain which features the company is implementing well, and which features poorly based on The eight unique features […] Enter your email address to follow this blog and receive notifications of new posts by email. In this blog will discuss the most effective way to do blog commenting and sharing information detail to find the right site for a blog comment. ( Log Out /  However, it’s about as rich as television technology. “Consumer to Consumer (C2C) e-commerce provide a way for consumers to sell to each other with the help of an online market maker” (Laudon … The internet has its own universally accepted standards of how information is presented. Introduction to question 2. E-commerce can deliver video, audio, animation, billboards, signs, etc. Topic 1: E-Commerce in the News: Chapter 2 Topics and Terms. E-business or business online commercial business transactions That includes sharing information across the internet. Businesses discovered that they could amplify their advertising power by using new methods to catch potential buyers’ attention, and boy does it work! Answer to: Q1) Choose an e-commerce company/website and assess it in terms of the eight unique features of e-commerce technology. Change ), You are commenting using your Facebook account. Introduction Giosis Gmarket International is a consumer to consumer type of E-commerce whereby consumer can sell products directly to another consumer by a market creator creating a marketspace. Social technology has changed E-Commerce in many ways. Also, customers are better able to give feedback on products, which allows other users to see whether or not they want to actually spend money on items. E-Commerce has eight unique features that give it its “Wow” factor. Depending on what kind of product you’re looking for, you’ll most likely find a way to customize it online so that it fits your idea of perfection. This report analyses the features and benefits of Amazon and features of e-commerce. Amazon is great example. What is a dofollow backlink? Ubiquity is defined as being something that occurs everywhere. Features of eCommerce business #1 Ubiquitous in nature #2 Large customer reach #3 Universal standard #4 Interactive platform #5 Rich in content and information #6 Information density #7 Personalization #8 Easy to use the checkout #9 Reporting tool #10 Promotional and discount code tool #11 Integrated Blog and articles section An error has occurred; the feed is probably down. There is a growing trend now of customization in many different businesses. Sorry, your blog cannot share posts by email. This ability to procure mass amounts of information so quickly has led to other innovations online. Universal Standards 1. Another feature of E-Commerce is Interactivity. eBook: Grashaw, kurt: Amazon.com.au: Kindle Store In this hectic world we live in, with everything we could possibly want at our fingertips, and having the expectation of instant gratification, the next best thing to quick service is perfect service. ( Log Out /  Try again later. Eight Unique Features Of E Commerce Technology. For instance, if you want to know how much a 55″ LCD flat screen TV is going to cost you, you simply type in the brand you want in a search engine and *poof*, seconds later you are presented with all the options you could possibly want. The first one is Ubiquity. This not only drives costs down, but it also speeds up the process of accessing the information which contributes to increased service times and happier customers! 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