What do you mean by eCommerce? What are the chief processes involved in it?
E-commerce happens to be an avenue for selling goods and services over the internet. Customers visit the website and buy products through electronic payments or Cash on Delivery. After placing the order, the merchant sends across the goods. This kind of trading has been in vogue since the early 1990s when Amazon was dealing only with books. But over the year its business has grown by leaps and bounds and today it is a multi-billion dollar industry. What is the mechanism involved? The online store functions similarly to a physical store. Customers visit the e-commerce store, look for products and opt for a purchase. The only difference, but a big one, is the buyer does not have to step outside to make purchases. Chief processes involved: Placing the order The customer gives an order on a particular e-commerce platform. They get the intimation that an order was placed. Process the order Then as the next process payment gets processed. There is...
