What is the trade cycle in E-commerce what is the purpose of the trade cycle
Sure, when you shop online, there’s a clear set of steps that happen from picking what you want to getting it delivered. Here’s how it usually goes
Picking What You Want:
- First, you look through a website to find the stuff you want to buy. You check out the different options and decide what suits you best.
Adding to Cart:
- After you decide what you want, you put those things in a virtual cart, just like putting items in a shopping cart at a physical store.
Checkout:
- Then, you go to the checkout page. Here, you give your address, contact info, and choose how you want to pay. This is where the purchase gets confirmed.
Paying:
- Next, you make the payment using a credit card, digital wallet, or other payment methods the website accepts.
Order Confirmation:
- After you pay, the seller tells you they got your order. You usually get an email or message confirming your purchase.
Getting the Order Ready:
- The seller then prepares your order for shipping. They pack and label everything before giving it to the delivery service.
Shipping:
Your order gets sent to the address you provided. A delivery service takes over to make sure you get your stuff safely and on time.
Checking and Giving Feedback:
Once you receive your order, you look at the items and share your thoughts. This can include reviewing the product and how the buying process went. If needed, you might ask to return or exchange something.
This whole process is meant to make buying and selling online easy and smooth for everyone involved. It helps businesses manage their stock, keep track of orders, and make things work well in the online store. Plus, it’s all about making sure customers have a good experience shopping online.