E-Commerce

E-Commerce

E-commerce is the process of buying and selling of various products and services by businesses through the Internet. It deals various kind of business concern, from retail site of the consumer, which includes auction. E-commerce is the purpose of Internet and the web to Conduct business but when we concentrate on commercial deals among organizations and individuals demanding selective information systems under the guarantee of the firm it accepts the form of e-business (Fazlollahi, 2002). Since the last decade, the word 'e' is hitting momentum and every physical business is turning into 'e' (electronic) way of business.

Company Analysis: EBay

EBay is a provider of online marketplaces which facilitates the exchange of goods and services over the internet through its website, eBay.com. It also provides platforms and online payments services to individuals and businesses. eBay owns and leases properties in the US and 25 other countries around the world. EBay currently dominates the online auction industry and maintains several competitive advantages. EBay created a unique business model which built an online marketplace for buyers and sellers in distance. This business model overcomes traditional marketplaces, which are highly fragmented and have a limited variety of products. Moreover, eBay doesn't keep any inventory and the buyers and sellers on eBay's online auction community make all the transactions. As a result, eBay could generate more consumers and maintain lower cost compared to traditional markets.

As the leading pioneer in the online retailing industry, eBay develops rapidly with the mass expansion geographically. The unique feature that makes it stand out is that eBay provides customized products with massive choices at a relatively cheaper price. There are more than 2 billion items under 30 main listing categories on eBay, which recently extends to real estate, travel, motor, job hunting market and etc. eBay's revenue is mainly ...