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It also reviews the major regulatory acts affecting e-Business, the macro trade policy regime, negotiable instruments and IPR (Intellectual Property Rights).Major conclusions on issues relating to legal and institutional constraints are summarized in the concluding section.
Primary Data Used While it is a rare for secondary data to improve all the answers to a non routine research problem like this one, we gathered some practical experiences during the survey period.
Such as : The following chapter-2 of this paper, presents an overview of the e-commerce.
B2B : Business to Business communication is the electronic transaction between the manufacturer and its intermediaries come under to B2B e- commerce communication.
It is usually suggested that there is some form of negotiated relationship between supplier and company and it is mainly used for corporate procurement.
Both the statutory laws as well as the challenges in implementing them will be attempted.
The paper shall also list specific policy changes aimed at bringing improvement to the legal and regulatory environment affecting e-commerce.Information Technology is a terminology which is known to all educated people of the World at present times.Information technology (IT), as defined by the Information Technology Association of America (ITAA), is “the study, design, development, implementation, support or management of computer-based information systems, particularly software applications and computer hardware.” IT deals with the use of electronic computers and computer software to convert, store, protect, process, transmit, and securely retrieve information.However, at a more fundamental level, the term e-Business also describes the application of information and communication technologies to business processes in all sectors of the economy to reduce costs, to improve customer value and to find new markets for products and services.B2C: Business to Consumer communication is the one type of e-Business communication where selling takes place to members of the public.This enables consumers log onto the Internet to buy and enjoy a product, and allows business of all sizes to reach consumers all over the world.It encompasses Internet commerce, Interactive TV, Electronic Mail Order and Phone Sales etc.On the contrary, delays in processing a transaction might become synonymous to wasting an opportunity.Therefore, a fast and alternative mechanism of communication, contract, and payment is an integral part of a globally competitive business organization.The main objectives of this report is to discuss the status, potential and constraints of e-Business.All this activities are done by Information Technology which are used in International Business at the present time.