E‐commerce Vs Traditional Commerce

E‐commerce is an extension of traditional commerce, which is concerned with the activities of business, industry and trade including the exchange of goods, services, information and money. It has the same essential ingredients of ordinary commerce. The major difference between e‐commerce and commerce is that with e‐commerce, these exchanges of goods and services are carried out over the web instead t of the traditional physical act of going to a trader for goods and services. Now that a large number of people have access to the internet and it is a good platform for the development of e‐commerce.

Successful E‐commerce strategies allow organizations distinct advantages in terms of both cost and revenues‐ the fundamentals of all business. This is because cost can be cut immensely as retail outlets are not required. Most of the cost associated with traditional high capital business is eliminated and or transformed into profit in the Internet environment.