| Electronic Commerce or e-commerce is the
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| | be sold sell over the global Internet,
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| trade of products and services by means
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| | sellers have the potential to market
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| of the Internet or other computer
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| | their products or services globally and
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| networks. E-commerce follows the same
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| | are not limited by the physical location
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| basic principles as traditional commerce
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| | of a store. Internet technologies also
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| that is, buyers and sellers come together
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| | permit sellers to track the interests and
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| to swap commodities for money. But rather
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| | preferences of their customers with the
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| than conducting business in the
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| | customer's permission and then use this
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| traditional way in shopping stores or
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| | information to build an ongoing
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| through mail order catalogs and telephone
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| | relationship with the customer by
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| operators - in e-commerce buyers and
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| | customizing products and services to meet
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| sellers transact business over networked
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| | the customer's needs.
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| computers.
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| | E-commerce however has some drawbacks.
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| E-commerce offers buyers maximum
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| | Consumers are hesitant to buy some
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| convenience. They can visit the web sites
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| | products online. Online furniture
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| of multiple vendors round the clock a day
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| | businesses, for example, have failed for
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| to compare prices and make purchases,
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| | the most part because customers want to
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| without having to leave their homes or
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| | test the comfort of an expensive item
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| offices from around the globe. In some
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| | such as a sofa before they purchase it.
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| cases, consumers can immediately obtain a
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| | Many people also consider shopping a
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| product or service, such as an electronic
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| | social experience. For instance, they may
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| book, a music file, or computer software,
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| | enjoy going to a store or a shopping mall
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| by downloading it over the Internet.
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| | with friends or family, an experience
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| For sellers, e-commerce offers a way to
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| | that they cannot duplicate online.
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| cut costs and expand their markets. They
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| | Consumers also need to be reassured that
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| do not need to build, staff, or maintain
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| | credit card transactions are secure and
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| a physical store or print and distribute
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| | that their privacy is respected.
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| mail order catalogs. Automated order
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| | In the existence of these few
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| tracking and billing systems cut
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| | disadvantages e-commerce has opened new
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| additional labor costs, and if the
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| | horizons to versatile the modern age. It
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| product or service can be downloaded then
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| | puts away time, energies, labor and
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| e-commerce firms have no distribution
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| | money.
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| costs involved. Because the products can
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