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Modern electronic commerce typically uses the World Wide Web for at least one part of the transaction's life cycle although it may also use other technologies such as e-mail.
Gathering and using demographic data through web contacts and social media.
Engaging in pretail for launching new products and services.
Online financial exchanges for currency exchanges or trading purposes..
Security is a primary problem for e-commerce in developed and developing countries..
E-commerce brings convenience for customers as they do not have to leave home.
E-commerce technologies cut transaction costs by allowing both manufactures and consumers to skip through the intermediaries. This is achieved through by extending the search area best price deals and by group purchase.
The success of e-commerce in urban and regional levels depend on how the local firms and consumers have adopted to e-commerce.
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E-commerce has grown in importance as companies have adopted pure-click and brick-and-click channel systems.
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