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The
Scope of E-commerce
Few
concepts have revolutionized business more profoundly
than E-commerce. E-commerce is changing the shape of
competition, the speed of action, and the nature of
leadership. Simply put, the streamlining of interactions,
products and payments from customers to companies and
from companies to suppliers is causing an earthquake
in many boardrooms.
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"E-commerce
is changing the shape of competition, the
speed of action, and the nature of leadership."
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Companies
involved in E-commerce as either buyers or
sellers rely on Internet-based technologies,
and E-commerce applications and services to
accomplish marketing, discovery, transaction
processing, and product and customer service
processes.
Many companies today are participating in or sponsoring three basic categories
of electronic commerce applications: business-to-consumer, business-to-business,
and consumer-to-consumer E-commerce.

Developing a Web Store
Before you launch your own retail store on the Internet, you must build an E-commerce
website. That includes building your Web storefront and product catalog Web pages,
as well as shopping cart features, process orders, handle card payments, and
so forth.
Once you build your website, it must be developed as a retail Web business by
marketing it in a variety of ways that attracts visitors to your site and transforms
them into loyal Web customers. So your website should include Web page and email
advertising and promotions for Web visitors and customers, and Web advertising
exchange programs with other Web stores.
Also, you can register your Web business with its own domain name (for example,
yourstore.com), as well as registering your website with the major Web search
engines and directories to help surfers find your site more easily.
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