Question- Discuss the role of the Internet in e-commerce.

Ans.

Role of the Internet in e-commerce

The internet provides an inexpensive and information-rich, shared, multimedia network. When comparing the enormous costs of a private network and the associated limits in terms of access to consumers, electronic commerce appears to be a godsend. In fact, it has been claimed that doing Electronic Data Interchange over the internet is less expensive than using private networks.

1. Unlike many other public networks, the internet handles visual images, audio clips and other large electronic objects.

2. Internet provides its users with a high-function window to the world, in addition to handling everyday networking tasks such as electronic mail.

3. Compared with alternative networking technologies, internet costs are surprisingly low.

4. The internet is everywhere large cities and small towns throughout the modern and developing world.

5. Any business firms using the internet interact with any other business using the internet.

6. Tens of millions of individuals are already connected to the internet and business firms use is increasing at a fast rate.

7. The internet technology is highly robust and reliable, in spite of significant differences in the extent to which various internet service providers actually implement.

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