M-commerce vs E-commerce. M-commerce and E-commerce refer to the field of marketing –buying, selling, distributing and servicing different products through commercial transactions on theIinternet with the use of specific devices or computers.. M-commerce stands for Mobile Commerce wherein commercial transactions are done using cellular or mobile phones that have access to the Internet. The above mentioned is the concept, that is elucidated in detail about ‘Difference between Marketing and Branding’ for the Commerce students. Commerce Subjects in Class 11. Commerce is referred to as an economic activity that involves the exchange of goods and services or valuables between two entities. Setting up cost: It takes a very nominal cost. Scale or size of business: After deciding the line of business the businessman must decide whether he/she wants to set up large scale or small scale business. When we open it we also get some useful information about the topic. It provides require a utility to both end customer and the product owner who own the business of that specific product. E-commerce is largely transactions using open networks. 1. The main difference between traditional commerce and e-commerce is that traditonal commerce is a branch of business which focuses on the exchange of products and services, and includes all those activities which encourages exchange, in some way or the other. It takes lengthy and complicated procedure to form. But there is definitely a difference between the item or good and the service performed. I have no idea what the syllabus is like now, but atleast in my time, there were some very marked differences between the two boards. E-commerce is the trending form of business being carried nowadays by most of the business traders or sellers for retail and wholesale as well. (iii) Degree of risk depends mainly upon the nature and size of business: Nature of business (i.e., type of goods and services produced and sold) and size of business (i.e., volume of production and sale) are the main factors which determine the amount of risk in a business. Traditional commerce is still popular where there is no reachability for the delivery of the goods and services to faraway places from the urban areas. Download CBSE Important Questions for CBSE Class 11 Business Studies Nature and Purpose of Business Business -Concept includes meaning and features. Must Read Articles for Commerce Students: 2019 Facebook pages have become popular avenues for e-business marketing and viral brand awareness. That is because both commerce and business are connected to trade. (i) e-banking provides competitive advantage to the bank. Industry E Commerce has had far reaching impact on business organisations for it has redefined ‘Market’. 1. The major differences between e-commerce and m-commerce are explained below: e-commerce is defined as the performance of business activities with the use of the internet. Between B2B and business-to-consumer e-commerce these are just some of the main differences. Industry is concerned with the production or processing of goods and materials. It involves purchasing goods and services by large organisations. Summary: Difference Between E-commerce and Retail is that E-commerce, short for electronic commerce, is a business transaction that occurs over an electronic network such as the Internet. 1.2. E-commerce saves consumers a lot of time and is therefore convenient because you can buy goods and services in the comfort of your home or just from anywhere at any time. I was a CBSE student till 8th grade, at which point I switched to an ICSE school. e-Commerce is like conventional commerce with the major difference being the platforms via which the exchange and business transactions occur. There are companies that offer services as well as products to help run business successfully. In this post we will discuss about Industry and its classification. First, it pays to understand the difference between e-commerce and e-business. Also, there is a tendency of people to talk about these terms in the same breath as if both were the same. Since there is no personal touch in e-business, companies need to have intimate relationship with customers to win over their loyalty. So, we are highlighting the common ones that are a crucial part for a commerce student. The profit motive in the business is essential. Outsourcing. There are actually innumerable advantages of e-Business, the most obvious one being the ease of doing business. Previous Next. (i) Functions (a) Protection E-Commerce vs E-Business are mostly the same characteristics, but both E-Commerce vs E-Business create an unbelievable impact on common online buying and selling activity without a huge investment. For a layperson, service are essentially intangibles. Each has its pros and cons. (iii) Smart Cards. Concept, need and scope of BPO and KPO. And following the 2009 recession on electronic commerce, its role is even more critical. In a business there should be a series of deal. Business to Business Electronic Commerce : Inter-organisational transactions, Electronic markets, Electronic data interchange (EDI), EDI: the nuts and bolts, EDI and Business … Some examples of real world application of e-commerce are online banking, online shopping, online ticket booking, social networking, etc.-E-business is the facilitation of business through the use of the internet and online technology. Key Differences Between e-commerce and m-commerce. When electronic medium is used in all the day-to-day activities, then it may be termed as e-business. To know more, stay tuned to BYJU’S. 1. When any sort of commercial transaction is transacted with the use of cellular devices, it is known as m-commerce. 4. 8. Less risk involved as parties have personal interaction. The cost incurred on middlemen is eliminated in e-commerce as there is a direct link between the business and the customer. E-business is a part of e-commerce. People should do the business for money. Every business deals in goods and services. While Retail refers to the sales of good, sold from a single point which includes malls, supermarts, departmental store to the consumer in a small quantity. 12. e-Commerce means carryng out commercial transactions or exchange of information, electronically on the internet. E-commerce businesses spend more time on blog, social media and search engine ads. Business, profession and employment-Concept, Objectives of business, Classification of business activities - Industry and Commerce, Industry-types, Commerce-trade, Business risk-Concept. 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