Business 101-Business Plan

CONCEPT OF E-COMMERCE AND GROWING POWER OF WORLD WIDE WEB ON WORLD OF BUSINESS

E-commerce (electronic commerce or EC ) is the buying and selling of goods and services on the Internet , especially the World Wide Web . In practice , this term and a newer term , e-business , are often used interchangeably . For online retail selling , the term e-tailing is sometimes used

E-commerce can be divided into

E-tailing or "virtual storefronts " on Web sites with online catalogs sometimes gathered into a "virtual mall

The gathering and use of demographic data through Web contacts

p Electronic Data Interchange (EDI , the business-to-business exchange of data

e-mail and fax and their use as media for reaching prospects and established customers (for example , with newsletters

Business-to-business buying and selling

The security of business transactions

It is difficult for many business executives and managers to keep up with the latest technologies while running their businesses , even though they know that these technologies are important in planning their business strategies . Technologies are no longer considered as only support function for businesses . Today technologies can influence competitive strategies for businesses , the way of business communications and reshape the businesses in different direction . They can enormously increase profitability , improve the service /product quality consistency and level , enhance efficiency of communications - both internal and external , manage staff , time and projects more effectively

The Internet is an electronic medium used to communicate as well as to sell products and services . E-commerce is a growing phenomenon that interests many types of businesses . It consists in using electronic means to exchange information , conduct successful business and carry out transactions . E-commerce is almost an absolute necessity in the management of a company . This electronic medium offers many possibilities and has many advantages

For a product-oriented company (B2B ) or for a business owner (B2C e-commerce

reduces operational costs

increases efficiency due to increased precision and speed

offers access to local , national or international markets

allows personalised products and services to be offered

allows specialised marketing due to the many databases available

Based on the statistics of Industry Canada , revenues from e-commerce will reach more than 200 billion USD for B2B in Canada , about 3 ,000 billion in USA and 6 ,000 billion in the world in 2004 . And for B2C projections , those numbers are about 8 to 16 billion in Canada , more than 120 billions in USA and more than 200 billions in the world in 2004

iStoke .com

HOW MY BUSINESS WOULD BE MANAGED TO BRING POSITIVE RETURNS

The Business Section

The name of the business is istoke .com and the office is situated at 1361 , Isaac Brook , Dr . Herndon , VA 20170 , Canada

The company is an electronic company which involves in the sales of ipods accessories for both young and old lovers of something good . Over 1000 accessories of ipods are available for sale in our company . For the benefit of those who do not know what an ipod is

iPod is a brand of portable media players designed and marketed by Apple and launched in...