influences on business

• what is e-commerce?

  Business transactions carried out electronically on the internet
• what is needed for e-commerce to take place?

  a seller who has products and services that are displayed electronically.

  a buyer who has the equipment required to view the seller’s products and services, and a means of paying for them.

  a network that enables information and payment to be exchanged by the buyer and seller.
• what are the advantages of e-commerce?

  Attract customers across the globe

  Sell at any time of the day or night

  Receive payments immediately

  Reduced overhead costs compared to running a physical shop