AN IN-DEPTH ANALYSIS OF THE E-COMMERCE SECTOR
Lecturer, Department of logistics, Faculty of Business Administration
St. Theresa International College, Thailand.
The rapid rise of the economy can be attributed in large part to the emergence of business conducted online. E-commerce means electronic commerce. E-commerce, also known as “Electronic Commerce,” is the practice of conducting business activities, such as buying and selling products and services, as well as the transfer of money or data, through the use of an electronic network, the most common example of which is the Internet. E-commerce can also be referred to as “Electronic Business,” which refers to the practice of conducting business activities using a computer network.
E-commerce, also known as electronic commerce, is a paradigm change that not only has an influence on marketers but also has an effect on customers. E-commerce is also sometimes referred to as electronic commerce. Both parties will be affected by this transformation in some way. E-commerce is not simply an additional way that a company may employ to improve upon its standard operating methods; rather, it is much more than that. It is a method of conducting business through the internet. It is generating a significant shift away from the conventional methods that are typically utilized in the management of enterprises. India is not in any way an exception to this trend, which is experiencing a dramatic transformation in the way that corporations operate their operations all over the world. This pattern is becoming increasingly common everywhere in the world.
E-commerce has thrived as a direct result of the explosion of internet use, which has also played a role in the development and growth of the industry as a whole. Specifically, new businesses have been steadily adopting this option as a differentiating business strategy. This trend is expected to continue. In addition to this, there is a significant influence made on the natural environment as a result of the process of conducting business online.Even though the model is utilized in a substantial capacity in the modern-day business world, the alternative has not been investigated to the fullest extent possible. This is the case despite the fact that the model is currently in use. The purpose of this study is to provide a description of the current state of e-commerce as well as explore the recent developments that have taken place in the sector of online business. This is the objective of the research that is now being discussed.
This study’s objective is to carry out a comprehensive inquiry into the critical factors that are essential to the accomplishment of e-commerce business models, and its primary method of accomplishing this objective is an in-depth examination.