8 Unique Features of E-commerce Technology
Unique features of E-commerce technology are:-
- Ubiquity:
- Global Reach:
- Universal Standards:
- Information richness:
- Interactivity:
- Information Density:
7.Customization:
8.Social technology:
1. Ubiquity- A traditional business market is a physical place, access to treatment utilizing document circulation. For example, clothes and shoes are usually directed to encourage customers to go somewhere to buy. E-commerce is ubiquitous meaning that it can be everywhere. E-commerce is the worlds reduce cognitive energy required to complete the task.
2.Global Reach- E-commerce allows business transactions on the cross country bound can be more convenient and more effective as compared with traditional commerce. On the e-commerce businesses, the potential market scale is roughly equivalent to the network the size of the world’s population.
3. Universal Standards- E-commerce technologies are an unusual feature, is the technical standard of the Internet, so to carry out the technical standard of e-commerce is shared by all countries around the world standard. Standard can greatly affect the market entry cost and considering the cost of the goods on the market. The standard can make technology business existing become more easily, which can reduce the cost, the technique of indirect costs, besides, can set the electronic commerce website 100$ per month.
4.Information richness: Advertising and branding are an important part of commerce. E-commerce can deliver video, audio, animation, billboards, signs, etc. However, it’s about as rich as television technology.
5.Interactivity- Twentieth Century electronic commerce business technology is called interactive, so they allow for two-way communication between businesses and consumers.
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