Network effects play an important role in e-commerce. Network effect strategy allows companies in e-commerce to set up a network with noncompetitive prices. In e-commerce network effects are important in areas including trade, money transaction and all applications where the interaction between users exists.

What is network in e-commerce?

E-commerce (electronic commerce) is the buying and selling of goods and services, or the transmitting of funds or data, over an electronic network, primarily the internet. These business transactions occur either as business-to-business (B2B), business-to-consumer (B2C), consumer-to-consumer or consumer-to-business.

What is meant by networking?

Networking is the exchange of information and ideas among people with a common profession or special interest, usually in an informal social setting. Networking often begins with a single point of common ground.

What are the types of network in e-commerce?

There are 6 basic types of e-commerce:Business-to-Business (B2B)Business-to-Consumer (B2C)Consumer-to-Consumer (C2C)Consumer-to-Business (C2B).Business-to-Administration (B2A)Consumer-to-Administration (C2A)

What are the roles of computer network in e-commerce?

FUNCTIONS OF E-COMMERCE E-commerce based on computer technology and network technology runs through every aspect of network consumption interaction and can offer all-round services including web browsing, internet payment and network management, and both of its merchants selling experience and buyers shopping

What are the elements of e-commerce?

The 3 Elements of E-Commerce You Must Have in PlaceCustomer Experience.Back-end Integration.Digital Marketing.14 Jun 2016

What are the use of networking?

Networks allow computers to share and access resources with other computing devices connected to it. Data and information: Networks allow computers to share data and information.

Why do we use networking?

The following are the important uses and benefits of a computer network. File sharing: Networking of computers helps the network users to share data files. Hardware sharing: Users can share devices such as printers, scanners, CD-ROM drives, hard drives etc. Without computer networks, device sharing is not possible.

What is the impact of eCommerce?

Product promotion E-commerce enhances promotion of products and services through direct, attractive and interactive contact with customers. New sales channel E-commerce creates a new distribution channel for existing products. It facilitates direct reach of customers and the bi-directional nature of communication.