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BUS-511.1 Project Proposal
BUS-511.1 Project Proposal
Project Proposal
Submitted By:
Submitted To:
Dr. Kais Zaman
Title: A statistical study of the factors that affect the E-Commerce business in BD.
Objectives: “The objective is to find whether any factor exists that affect the E-Commerce
business in BD”.
Data Source: Customers today are more conscious about E-commerce products that offered by
various E-commerce business in Bangladesh. We have used a set of questionnaires and online survey
form to collect the accurate data. We had three E-commerce business and 60 samples; 20 samples from
each E-commerce business. We took the help of the internet, books, and article to do this report.
The tool that we have used for research is Direct Observation Method.
Main Variables:
Operating Cost : All the internet and computer based activities involved in trade and commerce,
such as an online order for goods, online payment, online marketing or online business
support.
Availability: Here 24x7 refers to the 24 hours of each 7 days of a week. E-Commerce has
made it possible for the business enterprises to provide services to its customers at any
time and anywhere
Service: E-Commerce provides the facilities of convenient communication which is very fast,
efficient and reliable.
No-Cash payment: E-Commerce enables to businessmen as well as to customers to use
debit cards, credit cards, smart cards, electronic fund transfer via bank's website and other
numerous ways of electronic payment.
Methodology: We are going to use some raw data available on the internet. We may use some of
their (e-commerce sites in BD) internal information for analysis of their service. We will set
some questionnaires for online research to get some information from the customers who have
experienced e-commerce services.
We will use both descriptive and inferential statistics for our project. The methods can be
Histogram, Frequency Polygon, hypothesis testing, mean, variance, etc.
Those tools will help us to present the data efficiently what we will get from the research,
journal, articles, and from their respective websites, and also we will be able to comment on the
presentation.
International Finance Corporation, the private division loaning and investment arm of the World
Bank, has been following Bangladesh’s entrepreneurial ecosystem the past few years. In its
shortlisted 43 new companies which they are effectively observing, Chaldal tops the rundown as
a potential investee organization which happens to be an E-commerce platform. Not only foreign
investors but our government also playing a vital role to boom the e-commerce sector of
Bangladesh. To support the home-developed investors, the government rolled out the long-
awaited National Digital Commerce Policy. The new policy does not enable outside foreign
investors to hold a stake of over 49% in any E-commerce business in Bangladesh. This approach
was taken to protect and boost the local investors. The policy also mandated that the e-commerce
entities clearly highlight the details of the products they sell online, which include the product’s
quality along with its return policy- in a bid to prevent fraudulence and protect customer rights.
E-commerce companies will have to also sign deals with the products’ suppliers, delivery
channels and payment gateways to ensure that customers’ rights are protected properly- an
attempt to make the supply chain transparent. The draft of the e-commerce policy is now ready.
As indicated by market analysts, Bangladesh’s E-commerce business market will flood to USD
20 billion by 2020, by when, as per Goldman Sachs, India’s online retail market is expected to
reach USD 69 billion. Worldwide financial investors who are heading to India are starting to
make a stopover at Bangladesh. The business potentials in Bangladesh prompted Delhi-based
digital marketing company MoMagic Technologies to start e-commerce platform Pickaboo,
which is timing month to month income of USD 600,000. Big investors like IFC and Alibaba has
just got engaged with the Bangladesh E-commerce environment and a lot more big investors like
them are probably going to put resources into this e-commerce space understanding its potential.
E-commerce business has changed numerous conventional habits of the transaction and got a
progressive change to the economy. Bangladeshi people are currently upgrading their way of life
utilizing the internet. Suppliers can now get the orders from consumers from the internet and also
can save much of their time by doing online trade. A significant number of commercial activities
of large corporations as well as supermarkets are using the website to receive orders from
consumers and sending particular goods to them. Last few years statistics says that this sector has
good growth rate. In order to make it sustainable both government and entrepreneurs need to be
more conscious and take proper steps. Usage of business intelligence is also helping the E-
commerce businesses to dive deep in to the needs to customers. If E-commerce companies can
ensure security and provide the best service to their customer the industry will grow immensely
fast.