21 0123 - 224 1111 0843 18 - RH
21 0123 - 224 1111 0843 18 - RH
Submitted by
Name of the Candidate: MOHIT LAKHOTIA
Registration No. 224-1111-0843-18
CU Roll No. 181224-21-0123
College Roll No. JCEC18-4137
Name of the College: Seth Anandram Jaipuria College
Shift Evening
Supervised by
Name of the Supervisor: Mr. Ritwik Haldar
Name of the College: Seth Anandram Jaipuria College
July, 2021
Annexure- IA
Supervisor's Certificate
This is to certify that Mr. MOHIT LAKHOTIA, a student of B.Com. Honours in Accounting & Finance of
Seth Anandram Jaipuria College under the University of Calcutta has worked under my supervision and
guidance for his Project Work and prepared a Project Report with the title A Case Study about the Services
of “E-Commerce” in the Present Situation which he is submitting, is his genuine and original work to the
best of my knowledge.
(Signature)
Place: Kolkata Name: MR. RITWIK HALDAR
Date: 15th July, 2021 College: SETH ANANDRAM JAIPURIA COLLEGE
Annexure- IB
Student’s Declaration
I hereby declare that the Project Work with the title A Case Study about the Services of “E-Commerce” in
the Present Situation submitted by me for the partial fulfilment of the degree of B.Com. Honours in
Accounting & Finance under the University of Calcutta is my original work and has not been submitted earlier
to any other University / Institution for the fulfilment of the requirement for any course of study.
I also declare that no chapter of this manuscript in whole or in part has been incorporated in this report from any
earlier work done by others or by me. However, extracts of any literature which has been used for this report
has been duly acknowledged providing details of such literature in the references.
(Signature)
Name: MOHIT LAKHOTIA
Place: Kolkata Address: 125, B K Paul Avenue, Kolkata-
Date: 15th July, 2021 700005
Registration No. 224-1111-0843-18
ACKNOWLEDGEMENT
First of all thanks to God, for giving me and my friends the strength and will to complete
this task just in time. Even though we faced a lot of difficulties while trying to complete this
task, the group still managed to complete it and we are glad about it.
A special thanks to Mr. Ritwik Haldar, for being such a good guidance to us while we were
doing this task. He had given us an appropriate example and knowledge in order to make us
understand more about this topic. He spends his time to explain the execution of this idea in
all the way.
I also appreciate his support to me to do this project in all the way and made it possible. We
also want to thank other groups who were willing to share their information about this
topic. They gave us a lot of new ideas about the task.
Also a great thanks to my family and friends who tried their best to give their support either
by giving me a lot of encouragement to keep up with this task or by supporting us
financially and pay all the cost required to complete this task.
4
CONTENTS
S. NO. TITLE PAGE NO.
1. COVER PAGE 1
2. SUPERVISOR’S CERTIFICATE 2
3. STUDENT’S DECLARATION 3
4. ACKNOWLEDGEMENT 4
5. CONTENTS 5
6. OBJECTIVES & LIMITATIONS OF THE PROJECT 6
REPORT
7. CHAPTER 1: INTRODUCTION TO
E-COMMERCE
1.1 : Background 7-8
1.2 : Introduction 8
1.3 : Difference between E-commerce&
Traditional commcerce 9
1.4 : Objectives/Needs 9
1.5 : Limitiation 10
1.6 : E-commerce & E-Business 10
1.7 : Models/Types 11-13
1.8: Future of E-commerce 14
1.9: Research Methodology 15-16
5
OBJECTIVES & LIMITATIONS
OF THE PROJECT REPORT
OBJECTIVES
To discover the key factors that influence online buying behavior of consumers in
India.
LIMITATIONS
No research is complete without admitting the limitations that was faced while
conducting a study which will contribute to present learning. This study too like
others has certain constraints which have been discussed below.
Due to the COVID 19 Pandemic, we could not physically visit the places for getting
an overall view about the opinion of people on this Report.
The sample of the size will be limited to the time and resources.
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CHAPTER 1:
INTRODUCTION TO E-COMMERCE
1.1: BACKGROUND
History of E-Commerce
E-commerce was introduced about 40 years ago in its earliest form. Since then, electronic
commerce has helped countless businesses grow with the help of new technologies,
improvements in internet connectivity, added security with payment gateways, and
widespread consumer and business adoption.
E-Commerce Timeline
1969: CompuServe is founded.
In the 1980s, CompuServe introduced some of the earliest forms of email and internet
connectivity to the public and dominated the E-Commerce landscape through the mid-
1990s.
1.2: INTRODUCTION
What is E-Commerce?
E-commerce (electronic commerce or EC) is the buying and selling of goods and
services, or the transmitting of funds or data, over an electronic network, primarily the
internet.
E-Commerce or Electronics Commerce is a methodology of modern business, which
addresses the need of business organizations, vendors and customers to reduce cost and
improve the quality of goods and services while increasing the speed of delivery. E-
Commerce refers to the paperless exchange of business information using the following
ways −
Online payments: when a buyer get product they can make his payment through
net.
Internet banking: In today’s time banks can offers you internet banking which is
the easiest way of making online payments.
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1.3: DIFFERENCE BETWEEN E-COMMERCE V/S
TRADITIONAL COMMERCE
1.4 OBJECTIVES/MERITS/ADVANTAGES OF E-
COMMERCE
(a) Enhances convenience: Customers can make orders for goods at their own convenience and
from the comfort of their homes without having to travel to the business premise. Orders are also
delivered to them at their most ideal locations. It’s the best shopping option for people who are
always busy.
(b) Allows for product and price comparison: Again, when making purchases, customers want to
get the best deals. This business model allows for product and price comparison by consumers
so that the best products are bought at the fairest prices. They can also enjoy extra benefits like
discounts, coupons, items on sale and also get the best deals.
(c) Easy fund-raising for start-ups ventures: So many people have the desire to venture into
business but lack sufficient funds to set up shop. Leasing a physical store can be quite expensive.
E-commerce makes it easier for start-ups to do business and grow.
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1.5: LIMITATIONS / DISADVANTAGES OF E-
COMMERCE
(a) Poor quality products: You don’t physically see and inspect whatever you are paying for
before it’s delivered. Customers, therefore, run the risk of falling victim to false marketing and
buying poor quality products from the virtual shop.
(b) Impulsive purchases: Online stores display a large number of products and due to the
convenience of shopping, customers can find themselves making bad financial decisions
through impulsive purchases.
(c) Internet scammers: The internet is a good thing but some people have decided to use it for all
the wrong reasons. Scammers have made this type of business model unattractive for some
consumers.
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1.7: MODELS/TYPES OF E-COMMERCE
Business to Business [B2B]
B2B (business – to‐ business )is a kind of e-commerce, which refers to a company selling or
buying from other companies. One company communicates with other companies through
electronic Medias. Some of these transactions include sending and receiving orders, invoice
and shopping orders. It was an attractive alternative to the current process of printing, mailing
various business documents.
B2C Model
Business – to Consumer [B2C] e‐commerce consists of the sale of products or services from a
business to the general public. Products can be anything from clothing to flowers and the
products can also be intangible products such as online banking, stock trading, and airline
reservations. Sellers that use B2C business model can increase their benefits by eliminating
the middlemen. This is called disintermediation because businesses sell products directly to
consumers without using traditional retail channels. Business – to Consumer [B2C] is
basically a concept of online marketing and distributing of products and services over the
internet.
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C2C Business Models:
A website following the C2C business model helps consumers to sell their assets like
residential property, cars, motorcycles, etc., or rent a room by publishing their information on
the website. Website may or may not charge the consumer for its services. Another consumer
may opt to buy the product of the first customer by viewing the post/advertisement on the
website. Examples: Olx.com.
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Consumer-to-Business E-commerce (C2B)
In this model, a consumer approaches a website showing multiple business organizations for a
particular service. The consumer places an estimate of amount he/she wants to spend for a
particular service. For example, the comparison of interest rates of personal loan/car loan
provided by various banks via websites. A business organization who fulfills the consumer's
requirement within the specified budget, approaches the customer and provides its services.
Government - to - Business
Governments use B2G model websites to approach business organizations. Such websites
support auctions, tenders, and application submission functionalities.
Government - to - Citizen
Governments use G2C model websites to approach citizen in general. Such websites support
auctions of vehicles, machinery, or any other material. Such website also provides services
like registration for birth, marriage or death certificates. The main objective of G2C websites
is to reduce the average time for fulfilling citizen’s requests for various government services.
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1.8: The Future of E-Commerce
By 2022, E-Commerce revenue in the U.S. alone is expected to reach $479 billion, with the
toys, hobby and DIY vertical seeing the largest growth. And it’s no passing trend, either.
It’s also interesting to note that looking ahead, E-Commerce expert Gary Hoover’s data
projects that E-Commerce retail sales will eventually even out with that of brick and mortar.
This means that even though the online sales trend will continue to grow, there’s plenty of
business to go around.But that’s not all.
This means they’ll expect to be able to research, browse, shop, and purchase seamlessly
between different devices and on different platforms (like a standalone web store, an
Amazon presence, etc.).
Digital currencies.
Overall, we have to remember that E-Commerce is still fairly new in the big picture of retail.
The future holds endless opportunity, but its success and continuation will depend largely on
buyers’ preferences in the future.
Conclusion
We’ve looked at all corners of E-Commerce, including its different types, the history, how it's
grown over the years, and its impact on consumers and how business is conducted.
There are certainly advantages and disadvantages to E-Commerce, but the future has many
opportunities for even greater expansion.
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1.9: RESEARCH METHODOLOGY
The research methodology is a systematic way of studying the research problem. The
research methodology means the way in which we can complete our prospected task.
Before undertaking any task it becomes very essential for an yone to determine the
problem of study. I have adopted the following procedure in completing my report study.
1. Research Problem.
2. Research Design.
3. Determining the data sources.
4. Tools used for analysis of data
5. Analysing the Data.
6. Interpretation of the data.
7. Preparing research report.
The study is being conducted for Online Shopping in Kankurgachi Area of Kolkata City only,
to find out the customer preferences in choosing Flipkart. It is required to find out the
preferences based on certain aspects (Income, levels selection of products, satisfaction level
of customers).
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(3) Determining the data sources
Both primary and secondary data are required in this study. Primary data is the first hand
information collected directly from respondents. The tool used here is questionnaire.
Primary Data is collected through surveys conducted among existing executives and
employees working in todays E-commerce Environment, including some top level
executives from some of the big E-Commerce company.
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CHAPTER 2:
CONCEPTUAL FRAMEWORK
/NATIONAL SCENARIO
2.1: OVERVIEW
Cab services
The biggest cab service company in India is the Ola services. Spread across the country, this
website provides the first ride up to Rs100 free of cost for its customers. Their services are
quick and safe. After the success of Ola, local cab and auto services in different cities have
also begun.
Other startups
Startups like Saavn, Makemytrip, Zomato, nhance are all applications which make the life of
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commoners easy. Saavn is an app where one can download and upload songs, makemytrip
helps in planning trips to various places around the world, Zomato searches for good eating
joints around the locality you live in and you can even rate it yourself and nhance is an
application which helps people to prepare themselves for business interviews and exams by
bringing news related to that field from around the world to one platform.
2. Snapdeal
Snapdeal began its journey in the year 2007 as an online coupon directory. With time it shifted
its course and tried its hand at e-commerce. And the rest they say is history. Kunal Bahl and
Rohit Bansal were both tired of the boring day to day existence that they lead as company
employees. They shifted their focus towards creating something of their own.
They have a customer base of over 20 million Indians and do business with over 50,000 sellers
who constantly post their products on their marketplace.
3. Paytm
Two words that come while shopping to almost every Indian mind are “Paytm karo.”
Launched in 2010 by Vijay Shekhar Sharma, a graduate from Delhi College of Engineering
Paytm has brought a paradigm shift in the retail industry by completely transforming the
payment methodology electronically. It was a dream dreamt when Vijay was struggling to
make ends meet with 10 rupees in the pocket. Always struggling with his hand in English, he
quit his first job at an MNC, began a new business but was unfortunately conned off.
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CHAPTER 3:
DATA FINDING &ANALYSIS
Primary Data:
Primary data is the kind of data that is collected directly from the data source without going through any
existing sources. It is mostly collected specially for a research project and may be shared publicly to be used
for other research.
Primary data is often reliable, authentic, and objective in as much as it was collected with the purpose of
addressing a particular research problem. It is noteworthy that primary data is not commonly collected
because of the high cost of implementation.
Secondary Data:
Secondary data is the data that has been collected in the past by someone else but made available for others
to use. They are usually once primary data but become secondary when used by a third party.
Secondary data are usually easily accessible to researchers and individuals because they are mostly shared
publicly. This, however, means that the data are usually general and not tailored specifically to meet the
researcher's needs as primary data does.
Data Analysis:
1. Age Group:
16-20 21-35 36-50 50+ Total
No. of Respondents 10 12 5 3 30
Percentage 33.33 40 16.67 10 100
Analysis:
Above figures show that 33.33% respondents are between 16-20 years old, 40% respondents are between 21-35 years
old, 16.67% respondents are between 36-50 years old and 10% respondents are 50 years and above. Overall results
show that between all of the respondents who has age between 16-35 years (33.33% + 40% = 73.33%) people are
more familiar with E-Commerce Websites in my target population.
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2. Gender of respondents:
Male Female Total
Responses 18 12 30
Percentage 60 40 100
Analysis:
According to demography profile, in this study 60% male and 40% female respondents are part of my target
population and they help me to fulfill my questionnaire from different areas of Hatkhola District. From these groups
total respondents are 30. So, according to the survey result the male respondents are more and can be told that they
are interested to avail the benefits of E-Commerce websites than female.
3. Occupation
Working
Homemaker Student NRI/Tourist Total
Professional
No. of Respondents 8 2 20 0 30
Percentage 26.67 6.66 66.67 0 100
Analysis:
In this survey, 66.67% of the respondents are students and 26.67% are Working professionals. So they both together
made majority of respondent’s percentage (93.34%). 6.66% are Homemaker & survey did not include any NRI /
Tourist. Students and Working Professionals will always look for new technologies and new services which make
them more comfort.
8. Economic:
E-Commerce Traditional Total
Commerce
Responses 28 2 30
Percentage 93.33 6.67 100
Analysis:
From the above datas it can be seen that 93.33% of the sample population feels that E-Commerce is more economic
than Traditional Commerce.
Lack of Privacy: Giving personal information on E-Commerce platform may give rise to Data Breach if
they don’t have high encryption.
Product Suitability: People have to rely on electronic images to purchase products. Sometimes when the
products are delivered, the product may not match with electronic images.
Security Issues: There are a lot of people who can scam through online business. Also, it is easier for
hackers to get your financial details.
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CHAPTER 4:
CONCLUSION &
RECOMMENDATION
Conclusion
The world revolves around the internet today. E-commerce is a great forum for startups to establish
themselves. In a country like India, e-commerce plays an important role because it needs minimal
or no investment and all one needs is an idea to begin an online store. The unemployed youth of
India has a great advantage to make use of through the electronic commerce platform.
E-commerce still represents one of the business methods that take advantage if done the right way,
even if the stock market and commodities fell, but E-Commerce still able to survive and receive
high transaction. E-commerce has a tremendous opportunity in the course of or business in
Malaysia. In addition, it is also to introducing new techniques and styles in a transaction. Use the
extensive E-Commerce in the Internet world is actually much better to bring the goodness of the
individual or the state.
E-Commerce has undeniably become an important part of our society. The successful companies
of the future will be those that take E-Commerce seriously, dedicating sufficient resources to its
development. E-Commerce is not an IT issue but a whole business undertaking. Companies that
use it as a reason for completely re-designing their business processes are likely to reap the greatest
benefits. Moreover, E-Commerce is a helpful technology that gives the consumer access to
business and companies all over the world.
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Recommendation
Recommendations for successful E-Commerce are as follows:
(a) Displaying a list of suggested products based on the visitor’s browsing history
(g) Generate product bundles (items frequently purchased together) and offer a special discount
for purchasing the group.
(h) Don’t limit references to best-selling items to one product or brand. show best-sellers
across entire product categories.
(i) Make sure all recommendations are relevant and timely. they should also be informed by
returns and reviews.
(j) Adjust your recommendations to keep popular products highlighted and to provide
additional viewing opportunities for lower-selling items (20 percent of your items will
provide 80 percent of your sales).
(k) Show highest rated items in product recommendations. Try injecting some social proof into
your product recommendations by displaying items that have the highest customer reviews.
(l) Know your visitors. the more personalization you can add, the better your results.
(m) Provide product recommendations when items added to the cart require accessories (fishing
reels need fishing line, flashlights need batteries, shoes often require socks).
(n) Use product recommendations for moving the buyer up to a more fully-featured version of
the one currently being browsed (upselling).
(o) Use product recommendations to remind the shopper about upcoming holidays or other
special events.
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CHAPTER 5:
BIBLIOGRAPHY
Bibliography
1. Global Electronic Commerce: Theory and Cases, by Chris Westland and Ted Clark,
MIT Press, 1999.
2. E-Business - Roadmap for Success, by Ravi Kalakota and Marcia Robinson, Addison-
Wesley Publishing Company, Inc,. 1999
3. Electronic Commerce - A Manager's Guide, by Ravi Kalakota and Andrew B.
Whinston, Addison-Wesley Publishing Company, Inc., 1997
Webliography
1. www.flipkart.com
2. www.yahoo.com (links and search data)
3. www.google.co.in (links and search data)
4. www.investopedia.com
5. http://en.wikipedia.org/wiki/E-Commerce"
6. https://kinsta.com/blog/E-Commerce-statistics
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CHAPTER 6:
QUESTIONNAIRE:
A Survey on Opinion of People about E-
Commerce
1. Age
a) 16-20
b) 21-35
c) 36-50
d) 50+
2. Gender
a) Male
b) Female
3. Occupation
a) Working Professional
b) Homemaker
c) Student
d) NRI/Tourist
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b) Flipkart
c) Paytm
d) Others
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