E-COMMERCE AND ITS UNDERLYING RISKS.

COMMERCE

E-commerce is nothing but the process of buying and selling or exchange of products and services and information via computer network including internet. It was started in the early 1990’s by Jeff Bezos. It means buying and selling of goods over the internet. This study highlights the features, benefits and mainly the risks involved in buying and selling of goods and services on the internet. Ecommerce in today’s scenario helps people in buying and selling the products faster and most importantly, it helps to find the products. It avoids geographical limitations and operates in low cost and better quality services. Consumers find it very comfortable as they need not travel a long way in order to purchase any product. It will get delivered at their doorstep in short span of time. This will reduce the transportation costs and mainly reduces pollution. Commerce is now seen as a reality in businesses and in a normal business plan. Thus e commerce has been a boon and also a bane for some reasons which this paper will highlight.

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