Technology is quick paced and the effect is something that we all are aware of. With so many changes happening due to the advancement in technology the e-commerce world has affected the most. E-commerce is the use of electronic communications and digital info processing technology in business transactions to create and redefine relationships for value creation between or among organizations, and between organizations and individuals. There is but one resolution to all issues that at times dent the security of eCommerce services. Strict vigil on malicious intruders.
Among the few retailers that has moved away from same-store sales is Nordstrom Inc. JWN, +2.25% , which doesn’t report that figure any longer. On its fourth-quarter 2018 earnings name, the company mentioned the shift to digital sparked the change, which went into effect in 2019. The company now solely reports net sales progress.
It provides fast delivery of goods with very little effort on a part of the customer. Customer complaints are also addressed shortly. It also saves time, energy and effort for both the consumers and the company. Bricks-and-clicks companies are those existing companies that have added an online site for e-commerce.
Ten years in the past many consumers would have been very cautious of utilizing their credit playing cards online. Nowadays, the majority of consumers recognise the convenience of getting services, akin to online banking, and being able to purchase goods online. This combined with the undeniable fact that technologies and business models have matured enough to provide the security required for banks and their customers to trade online has resulted in a greater confidence in e-commerce.
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three. Consumer to Consumer (C2C) – It facilitates the online transaction of goods or services between two people. Although there is not any visible intermediary involved but the parties can’t carry out the transactions without the platform which is provided by the online market maker equivalent to eBay.
Although generalist websites make up for the largest part of Indonesian e-commerce with a few category-specific players, some specific brands are additionally very active to sell their products online. In Indonesia, Traveloka and Garuda Indonesia are leading hotels and travel bookings industry and online airline ticketing respectively.