What is E-commerce ?

There is a need for some agency which can facilitate the flow of goods. This is possible with the help of trade

Needless to say, ecommerce has grown by leaps and bounds since then.

Needless to say, ecommerce has grown by leaps and bounds since then.

Trade is the process of purchasing or procuring of goods and services and selling them to those who need them.

Goods may be produced at places where they are in less demand.

that ecommerce is growing 23% year-over-year, and according to eMarkerter, global

These goods are to be taken to the places of consumption.

With the help of transport facilities we can create ‘place utility’ in goods.

. The goods are taken from a place where there is less demand, to the places where they are in more demand.

ecommerce sales are expected to top $27 trillion in 2020 — and that’s just statistics for the retail sector.

The place utility helps the producer to increase the production and earn a remunerative price.

The consumer is also helped by supplying him with the goods which otherwise might not have reached him.

That’s a lot of growth and money

. The various modes of transport i.e., road, rail, sea, air have helped the growth of commerce and industries

which is why if you’re interested in doing business online, you need to know the ins and outs of the ecommerce industry.

The producer can produce goods on any scale; the demand will be there, provided the goods suit the consumers.

And that’s exactly what this guide is for.

The producer of goods may not be able to come into direct contact with the consumers.

In this resource, we take a deep look at the ecommerce industry

In the present day world, the consumers are in millions and it is not possible for the producers to know the consumers.

A chain of middlemen acts between the producers and consumers.

how it came about, what types of merchants are out there, and what platforms

The middlemen purchase goods from the producers and take them to the consumers.

We’ll also shed light on notable ecommerce success stories and flops

Both sides are relieved of their worries. The chain of wholesalers, retailers, brokers, agents, etc.