Dedicated Commercial

08/07/2024

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If you want a successful store, mere variety of articles and stock are not enough. It’s true that you might sell products people want and need, but how will they find you if they don’t …

05/02/2024

The Reserve Bank of India (RBI) has recently ordered the closure of Paytm Payments Bank, which is an associate of the listed entity One 97 Communications in response to persistent non-compliances and continued material supervisory concerns in the bank. RBI has taken this action against Paytm Payments Bank in response to a comprehensive system audit report conducted by external auditors....

The Reserve Bank of India (RBI) has recently ordered the closure of Paytm Payments Bank, which is an associate of the listed entity One 97 Communications in response to persistent non-compliances a…

05/02/2024

Although ther is no need for any physical contact between the contracting parties whle doing business over internet, the transactions have to be authenticated and recorded. Also processing of payments in e-commerce transactions forms a critical component and has to be carried out very carefully. There are many authentication techniques existing which are used with online transactions for this purpose. …...

Although ther is no need for any physical contact between the contracting parties whle doing business over internet, the transactions have to be authenticated and recorded. Also processing of payme…

05/02/2024

E-contract are the terms and conditions presented by one party to the other before carrying out a transaction. In order to complete that transaction, both the parties should agree on those terms and conditions. existence of a valid contract forms the crux of any transaction including the an e-commerce transaction. In India e-contracts are also governed by Indian Contract Act, 1872, which mandate certain prerequisites for a valid contract such as free consent and legality of object....

E-contract are the terms and conditions presented by one party to the other before carrying out a transaction. In order to complete that transaction, both the parties should agree on those terms an…

03/02/2024

"Budgetary control is the process of controlling costs which includes preparation of budgets, co-ordinating the departments and establishing responsibilities, comparing actual performance with the budgeted and acting upon results to achieve maximum profitability." Brown and Harward Budgetary control is the process of determing various budgeted figures for a future period of time and comparing the budgeted figures for the enterprise with the actual performance for calculating difference....

“Budgetary control is the process of controlling costs which includes preparation of budgets, co-ordinating the departments and establishing responsibilities, comparing actual performance wit…

01/02/2024

A budget is a monetary as well as quantitative expansion of business plans and policies to be pursued in the near future. The preperation of budgets and other procedures for planning, co-odination and control of business enterprise is called Budgeting. Types of budgets Sales Budget : sales budget is an estimate of sales during a budget period. It is the backbone of the enterprise....

A budget is a monetary as well as quantitative expansion of business plans and policies to be pursued in the near future. The preperation of budgets and other procedures for planning, co-odination …

29/09/2021

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29/09/2021

Hey friends....first of all...answer to this question...👇🏻.
E-commerce can be defined as “the use of electronic communications and digital information processing technology in business transactions to create, transform, and redefine relationships for value creation between or among organizations, and between organizations and individuals.”

MAIN ACTIVITIES OF E-COMMERCE

Major activities are like:

•Buying and selling of products and goods

•Personalised customer services

•Shipping of the products

•Producing financial statements

•Transfer of funds

•Procurement of materials required by business

•Corporate development

•Required research work for the business
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28/09/2021

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Meaning
E-commerce can be defined as “the use of electronic communications and digital information processing technology in business transactions to create, transform, and redefine relationships for value creation between or among organizations, and between organizations and individuals.”

Some famous definitions by Scholars.

According to Treese and Stewart “E-Commerce is the use of global internet for purchase and sale of goods and services, including service and support after the sale. The internet may be an efficient mechanism for advertising and distributing product information, but focus is on enabling complete business transactions”

According to Daniel Minoli and Emma Minoli “Electronic commerce is any purchasing or selling through an electronic communications medium and Internet-based commerce, in general, and Web-based commerce, in particular are important sub-disciplines of electronic commerce Electronic commerce is the symbiotic integration of communications, data management, and security capabilities to allow business applications within different organizations to automatically exchange information related to the sale of goods and services”

Features of E-commerce.
Paperless Exchange of Business Information :...................➡️contd. on Blog!
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28/09/2021

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28/09/2021

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E-commerce is very useful for organisations wanting to expand and compete in global market. It offers many short term and long term benefits to such companies.

Short term benefits:
Access to a global market :

E-commerce can increase the customer base of any organisation many folds as it provides access to the global market.

Drastic reduction in distribution cost :

As goods and services are sold directly to the customer without any middlemen, there is drastic reduction in cost for distribution and customer service.

Long term benefits:
The internet may well change the structure of the competitive landscape.

Internet communications will transform the relationship between business and their customers.

The conversion from physical to digital will displace the source of business value.

Advantages of e-commerce.
(a) Advantages to organisations.

1. Global Reach: Using E-commerce can help an organization to have a large customer base, best suppliers that can be chosen after comparing their competencies and suitable business partners across the globe.

2. Reduced Operational Costs: E-Commerce helps organizations in reducing operational costs like cost to create process, distribute, retrieve and manage the paper based information by digitizing the information. Also this information is readily available for making correct decisions

3. Brand presence: E-commerce helps organisations in improving the brand image of the company.

4. Customised services: With the help of e-commerce, customized products and services can be provided to the consumers, hence giving that personal touch to the services.

5. Reduced Inventory: E-commerce has increased the productivity of the organizations mainly because of Just-in-Time(JIT) manufacturing.........➡️contd. on Blog!Visit Blog 🌎
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28/09/2021

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