Term paper

DATA STORAGE IN BUSINESS

Course Name: Computer & Its Application in Business

Submitted To:
Sanzida Farhana Oishe
Lecturer
Bangladesh University of Professionals

Submitted By:
Name: Mourin Rahman Mou
Id: 16241022
Sec: B
Department: Management

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 CONTENTS

Introduction……………………………………………………….. Page 3
Executive Summary………………………………………………. Page 4
Case……………………………………………………………….. Page 5
Analysis…………………………………………………………… Page 6
Solution…………………………………………………………… Page 7-8
Validation …………………………………………………………Page 9
Conclusion ………………………………………………………………………. Page 10

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 INTRODUCTION

Electronic commerce or ecommerce is a term for any type of business, or commercial

transaction, that involves the transfer of information across the Internet. It covers a range
of different types of businesses, from consumer based retail sites, through auction or music
sites, to business exchanges trading goods and services between corporations. It is
currently one of the most important aspects of the Internet to emerge.
Ecommerce allows consumers to electronically exchange goods and services with no
barriers of time or distance. Electronic commerce has expanded rapidly over the past five
years and is predicted to continue at this rate, or even accelerate. In the near future the
boundaries between "conventional" and "electronic" commerce will become increasingly
blurred as more and more businesses move sections of their operations onto the Internet.
Business to Business or B2B refers to electronic commerce between businesses rather than
between a business and a consumer. B2B businesses often deal with hundreds or even
thousands of other businesses, either as customers or suppliers. Carrying out these
transactions electronically provides vast competitive advantages over traditional methods.
When implemented properly, ecommerce is often faster, cheaper and more convenient
than the traditional methods of bartering goods and services.

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 EXECUTIVE SUMMARY

The use of the Internet for business transactions has grown dramatically over the past few years.
Approximately three out of five companies are using e-commerce to some extent and an
additional one-fifth say they intend to participate in the future. Although estimates vary, there is
strong consensus about continued growth, with optimistic projections of B2B e-commerce sales
ranging from $634 billion to $3.9 trillion for 2003. Further, as many as 80% of business
transactions could occur online by 2003 (Report of the U.S. Government Working Group on
Electronic Commerce, 2000). While there is no doubt that e-business transactions will continue
to increase, the rate of expansion may decrease given the current economic slowdown and the
contraction experienced by the high tech sector. Despite growing Internet use by all businesses,
there have been virtually no comprehensive studies on the use of e-commerce by minority-
owned businesses. Minority business enterprises (MBEs) are an increasingly critical component
of the U.S. economy. African-American, Asian-American, Latino and Native-American
businesses are growing at a rate of 30%, four times faster than the growth rate of majority–
owned U.S. firms; MBE revenues rose 60% to $335.3 billion in 1997 compared with a 40%
increase for all U.S. firms over the same period (U.S. Bureau of the Census. 1997 Survey of
Minority-Owned Businesses). Minority businesses are a significant growth sector of the market
and, as such, it is important to understand how these businesses are participating, or are
positioned to participate, in the Digital Economy.*

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 CASE

Mr. X is an entrepreneur. Recently he started a new online based shop. He wants to sell different
types of electronic products like Mobile-Phone, Laptop, Desktop parts, Watch etc via internet.
His virtual shop is based on a website. From that website people can buy those products and can
get it as home delivery. But gradually Mr. X faced some troubles in his business.

Analysis
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After well observation some specific problems have found out for Mr. X’s Online Shop/his
Business. These are:
 His website has no online payment facility so he can be cheated by giving wrong address
by bad peoples.
 Lack of well trained employee is another problem.
 Delivering goods safely is another challenge.

Solution
After analysis of Mr. X problems, here is some solution to solve those problems easily and move
his business smoothly:
 Recruit well trained employees
 Better and secure online payment system for paying first criteria.
 Standard transportation system for delivering goods.
 Well trained delivery boys.
 Maintaining products quality and standard.

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