ECommerce is the death knell of the traditional department s

E-Commerce is the death knell of the traditional department store\" - Please discuss the impact of E-Commerce on traditional department stores. You should also discuss the impacts of E-Commerce from the perspective of the consumer and the society both in developed and under-developed countries.

Solution

Yes,  Electronic commerce death knell of the traditional department store

Because traditional department stores though they have huge goods and huge display, people have to mingled in the crowd to buy their goods and at the same time by paying the bill customers have be in the long queue, after billed they have to carry their goods on their own.  This process can consumes more time, automatically customers goes for tide and seem to be un patience.  Once upon a time department store was a famous store due to technology advancement, it was slowly moving out.

Electronic commerce is a general term applied to the use of the computer and tele -  communications technologies to support trading in goods and services.  It is defined as “ any form of business transaction in which the parties interact electronically rather by physical exchanges or direct physical contact.

E- commerce is online shopping ,used by range of technologies such as  Electronic Data Interchange(EDI), Electronic Mail(E-mail) and Electronic Funds Transfer (EFT) are already in wide use.  But the e-commerce in business application no longer confined to EDI and EFT. The new technologies have opened up an array of e-commerce options and today’s technological growth sees that each and every businessman and the customer have their needs satisfied.

As  a merchant view is the purpose of an e-commerce system is to generate higher revenues than he would achieve without the system.  In order to achieve this, the merchant must have the entire required infrastructure for an electronic purchase.   These business enables companies to be more efficient and flexible in their in their internal operations, to work more closely with their supplies, and to be more responsive to the needs and expectations of their customers.  It allows companies to select the best suppliers regardless of their geographical locations and to sell to a global market.

Main part is whole of the commercial transaction, including ordering, invoicing and payment, and delivery cycle can be supported electronically.

E-Commerce from the perspective of the consumer and the society in developed  countries are good in progress they can pay their bill by credit card also. It is made easier for customer buying and its related activity such as paying bill and delivering the goods.

Developed countries are having technological advancement.

  But under developing countries facing some problem in service and industrial infrastructure. Example for under developed countries bank customer having trouble  accessing the Internet  and affording the cost of internet banking . They are facing strong technological deficit.