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Web Trade Technology

Submitted by vrijesh28 on July 21, 2008

Category: Technology
Words: 2439 | Pages: 10
Views: 44
Popularity Rank: 114,708
Average Member Grade: N/A (Add a Comment / Grade this Paper)

Introduction
The cutting edge for business today is e-commerce. Most people think e-commerce means online shopping. But web shopping is only a small part of the picture. The term also refers to online stock, bond transactions, buying and downloading software without ever going to a store.

The effects of e-commerce are already appearing in all areas of business, from customer service to new product design. It facilitates new types of information based business processes for reaching and interacting with customers - online advertising and marketing, online order taking and online customer service etc. It can also reduce costs in managing orders and interacting with a wide range of suppliers and trading and trading partners, areas that typically add significant overheads to the cost of products and services.
E-commerce is generally described as a method of buying and selling products and services electronically. The main vehicle of e-commerce remains the Internet and the World Wide Web, but uses of e-mail, fax and telephone orders are also prevalent.
Broadband policy and other initiatives by the IT and Telecom Ministry encourage increased adoption. A monthly broadband subscription costs as little as Rs.199. A second factor is the IT Telecom Ministry initiative to make computers available for purchase under 10,000 rupees. In addition to it, the organization continues to push development of language fonts to remove language and localization of content issues.
32 percent); bill payment (18 percent); stock trading (15 percent); and matrimonial search (15 percent).
The following is the Internet Usage and Population Statistics as per Internet Usage Stats and Telecommunications Market Report on India.
Years Users Population % Pen. Usage Source
1998 1,400,000 1,094,870,677 0.1% ITU
1999 2,800,000 1,094,870,677 0.3% ITU
2000 5,500,000 1,094,870,677 0.5% ITU
...

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