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A PROJECT REPORT
Submitted by
RANJANI V (17501039)
(AUTONOMOUS)
MAY 2019
ii
(AUTONOMOUS)
BONAFIDE CERTIFICATE
DECLARATION
work reported herein does not form part of any other project report or dissertation
DATE :
ACKNOWLEDGEMENT
A great deal of arduous work and effort has been spent in implementing this project
work. Several special people have guided us and have contributed significantly to this work and
so this becomes obligatory to record our thanks to them.
I would like to thank our respected Principal, Dr.M.PREMKUMAR, M.E., Ph.D., for
allowing us to this project and providing required time to complete the same.
I would like to extend my sincere thanks to all our department staff members and my
parents for their advice and encouragement to do the project work with full interest an
enthusiasm.
v
ABSTRACT
Internet and its associated info technologies significantly transformed the way
we live our life. It touches every aspect of our life and one of the aspects is our
purchasing habit. This report mainly focus on the present and future scenerio of
e-commerce business in namakkal region among various students. E-commerce
is enjoying the era of growth. This paper deals with introduction of e-commerce,
its definitions, perception of students regarding e-commerce and also the
people’s rating regarding the indian made e-commerce company flipkart. Apart
from this the report discussed the barriers to implement e-commerce entirely in
India. The sample size is 130. The inputs were analysed using tables, charts and
etc to record perception and analyze the data.
vi
TABLE OF CONTENTS
LIST OF TABLES
LIST OF CHARTS
CHAPTER I
INTRODUCTION
E-commerce
E-commerce stands for electronic commerce. It means dealing in goods & services through
the electronic media & internet. The rapid growth of e-commerce in India is being driven by
greater customer choice & improved convenience with the help of internet the vendor or
merchant who sells products or services directly to the customer from the portal using a
shopping basket system or digital cart & allows payment trough debit card, credit card or
electronic fund transfer payments. In the present scenario e-commerce market & its space is
increasing in demand as well as an impressive display or range of a particular type of
services. E-commerce is already appearing in all areas of business, customer services, new
product development & design. E-commerce business is growing in India because of wide
range of product with minimum price wide range of suppliers & customers internet. In this
modern era every business units want to join online business because increasing ratio of
internet users in India. E-commerce in India is still in growing stage but it offers considerable
opportunity.
The buying & selling of products & services by businesses & customers through on
electronic medium, without using any paper documents. E-commerce is widely considered
the buying & selling of products over the internet, but any transaction that is completed
solely through electronic measures can be considered e-commerce. E-commerce is
subdivided into three- categories: business to business or B 2 B (Cisco),business to consumer
or B 2 C (Amazon) & Consumer to consumer C 2 C (eBay).
E-commerce in India
India has an internet users base of about 475 million as of July 2018, about 40% of the
population. Despite being the second-largest user base in world, only behind China (650
million, 48% of population), the penetration of e-commerce is low compared to markets like
2
the United States (266 million, 84%), or France (54 M, 81%), but is growing at an
unprecedented rate, adding around 6 million new entrants every month. The industry
consensus is that growth is at an inflection point. In India, cash on delivery is the most
preferred payment method, accumulating 75% of the e-retail activities. Demand for
international consumer products (including long-tail items) is growing much faster than in-
country supply from authorised distributors and e-commerce offerings. As of 2017, the
largest e-commerce companies in India are Amazon, Flipkart, Ebay, Paytm, and Snapdeal.
Market size and growth
India's e-commerce market was worth about $3.8 billion in 2009, it went up to $12.6 billion
in 2013. In 2013, the e-retail segment was worth US$2.3 billion. About 70% of India's
ecommerce market is travel related. According to Google India, there were 35 million online
shoppers in India in 2014 Quarter 1 and is expected to cross 100 million mark by end of year
2016. Compound Annual Growth Rate (CAGR) vis-à-vis a global growth rate of 8–10%.
Electronics and Apparel are the biggest categories in terms of sales.
Key drivers in Indian e-commerce
India's retail market is estimated at $470 billion in 2011 and is expected to grow to $675 Bn
by 2016 and $850 Bn by 2020, – estimated CAGR of 10%. According to Forrester, the e-
commerce market in India is set to grow the fastest within the Asia-Pacific Region at a
Compound Annual Growth Rate of over 57% between 2012–16. As per "India Goes Digital",
a report by Avendus Capital, a leading Indian Investment Bank specializing in digital media
and technology sector, the Indian e-commerce market is estimated at Rs 28,500 Crore ($6.3
billion) for the year 2011. Online travel constitutes a sizable portion (87%) of this market
today. Online travel market in India is expected to grow at a rate of 22% over the next 4
years and reach Rs 54,800 Crore ($12.2 billion) in size by 2015. Indian e-tailing industry is
estimated at Rs 3,600 crore (US$800 mn) in 2011 and estimated to grow to Rs 53,000 Crore
($11.8 billion) in 2015. Overall e-commerce market is expected to reach Rs 1,07,800 crores
(US$24 billion) by the year 2015 with both online travel and e-tailing contributing equally.
Another big segment in e-commerce is mobile/Direct To Home recharge (DTH) with nearly
1 million transactions daily by operator websites. New sector in e-commerce is online
medicine. Company like Reckwing-India, Buyonkart, Health kart already selling
complementary and alternative medicine whereas Net Med has started selling prescription
medicine online after raising fund from General Insurance Corporation and Stead view
capital citing there are no dedicated online pharmacy laws in India and it is permissible to
sell prescription medicine online with a legitimate license.
Mobile Application
Brands have taken the mobile advertising route and are gradually picking up. Online retailers
have realized the potential increase of online shoppers through their mobile phones in future.
And as consumers grow more comfortable with using mobile devices for browsing and
shopping, they are now more open to getting messages from brands via their mobiles.
Businesses are implementing strategies for integrating mobile into their marketing
campaigns and before they do that, they will have to make efforts to optimize legacy
websites for mobile in order to improve customer experience. This is where responsive
design will come into play. Fixing the mobile clicks is imperative as an unresponsive design
may lead to the customer abandoning the site in a few seconds causing a low conversion rate
and poor return on investments.
example growing use of Internet in a very short span of time the use of computers at offices
and homes has become a reality. E-commerce has helped the banking, financial
institutions and industry to automate their business process and minimize the
transactional days. In the industrial and banking the performance is measured in terms of
processing speed and customer satisfaction with the application of computer it has become
possible to clear the recurring dues like payment for electricity bills, telephone
bill, shopping bill by instructing the bank for payments from customers account online
fund transfer from one account to another in the bank has also become possible in the banks
Credit card, Debit card, ATM, E-cash, E-cheque it has become possible for customers
to made a payment or to withdraw cash from the bank round the hour.
Hypothesis 1:
H0: There is no relationship between gender of the respondents and opinion regarding the
application of E-Commerce has increased over the years.
H1: There is a relationship between gender of the respondents and opinion regarding the
application of E-Commerce has increased over the years.
Hypothesis 2:
H0: There is no relationship between educational qualification and opinion regarding what
is the future of e-commerce.
H1: There is a relationship between educational qualification and opinion regarding what is
the future of e-commerce.
Hypothesis 3:
Hypothesis 4:
Hypothesis 5:
H0: There is no variation between age and opinion regarding most prominent domain in E-
business
H1: There is variation between age and opinion regarding most prominent domain in E-
business
Hypothesis 6:
H1: There is variation between frequency of purchasing and opinion regarding E-commerce
as commercial means has its advantages over the traditional commercial methods.
It is not possible for any market study to make it accurate due to many hurdles in the
collection and computation of data. Some limitations of the study are listed below
The sampling frame to conduct the study has been restricted to area near namakkal
region.
Respondents show reluctance towards giving correct information.
7
Findings of the study are based on the assumption that respondents have disclosed
in the questionnaire.
Time was a major constraint.
1.7 Chapterization
CHAPTER - I
This chapter deals with Introduction of the study, about the study, Importance of the
study and Chapterization.
CHAPTER - II
CHAPTER – III
CHAPTER – IV
CHAPTER - V
CHAPTER II
Arvind Panagariya (2000) reported that access to e-commerce, which in the WTO
pariance often means access to e-exports, has two components that must be distinguished
sharply. Access to Internet services and access to services that can be traded
electronically. The former deals with to access to internet infrastructure while the latter
relates to specific commitments in electronically tradable services. E-commerce offers
unprecedented opportunities to both developing and developed countries. In the short
run, the gain are likely to be concentrated in developed countries have more to benefit.
This is because, in the short run, developing countries lack the infrastructure necessary
to take full advantage of internet. For many countries, especially developing ones in
these countries, most consumers do not have computers or internet access. A likely
scenario, therefore, is one in which a handful of independent entrepreneurs will receive
the product by Internet, convert it into physical form such as CDs and sell the latter to
consumers. Buy in the long run. They can Leapfrog, skipping some of the stages in the
development of Information Technology through which developed countries have had to
pass.
Elizabeth Goldmith and Sue L.T McGregor (2000) analysed the impact of e-
commerce on consumers, public policy, business and education. A discussion of public
policy initiaticves, research questions and ideas for future research are given.
Diana Oblinger (2001) reported that one is that education and continuous learning have
become so vital in all societies that the demands for distance and open learing will
increase, As the availability of the internet expands as computing devices become more
affordable and a energy requirments and form factors shrink, e-learning will become
more popular.
In addition to the importance of life long learning, distance education and e-learning will
grow in popularity because convenience and flexibility are more important decision
criteria than ever before. E-learning will become widely accepted because exposure to
the Internet and e-learning often begins in the primary grades, thus making more students
9
familiar and comfortable with online learning. In fact, for many countries, distance
education has been the most viable solution for providing education to hundreds of
thousands of students.
Jackie Gilbert Bette Ann Stead (2001) reviewed the incredible growth of electronic
commerce (e-commerce) and presented ethical issues that havce emerged. Security
concerns, spamming, websites that do not carry an “advertising” label, cyber squatters,
online marketing to children, conflicts of interest, manufactures competing with
intermediaries online and “dinosorus” were discussed.
Patric Barwise(2001) Reported that probability 99% of e-commerce today is done using
PCs either desktops or Laptops. For B2B e-commerce this is unlikely to change for B2C
e-commerce however, things will be more complex, there will be wider range of relevant
media including interactive digital TV and a range of mobile and wireless service there
will be huge difference between consumers ownership of equipment and access
technology. Some will have broadband access and others have no digital communication
at all.
Andrew D. Mitchell (2001) examined the key issues that electronic commerce poses for
Globhal trade, using as a starting point the General Agreement on trade in
services(GATS), the World Trade Organization(WTO) agreement most relevant to e-
commerce.
Nir B. Kshetri (2001) This paper attempts to identified and synthesized the available
evidence on predictors of magnitude, global distribution and forms of e-commerce. The
analysis indicated that the twin forces of globalization and major revolutions in ICT are
fueling the rapid growth of global e-commerce.
Prithviraj Dasgupta and Kasturi Sengupta (2002) Reported that the recent growth of
Internet Infrastructure and Introduction of economic reforms in the Insurance sector have
opened up the monopolistic Indian Insurance market to competition from foreign
alliances.
Although the focus of e-commerce has been mainly on business to consumer (B2C)
applications the emphasis is now shifting towards business to business (B2B)
applications. The Insurance Industry provides an appropriate model that combines both
B2C and B2B applications
10
James Christopher (2004) examined all the best elements of e-commerce does not
gurantee consumers will visit or remain loyal. But looking at what they want and their
satisfaction levels of other well established e-tailors such as Amazon and eBay Who have
already invested significant resources to understand what consumers needs, wants and
desires. Perhaps it would be useful to emulate these established pure players since they
have been and continue to be highly successful as retain high marks for customer
satisfaction.
Werther H abd Ricci F(2004) reported that e-commerce in travel and tourism industries
are continuously increasing despite of tough economic problems. This industry is
adopting application of B2B and B2C. This industry has changed the ways of do business
for traditional ways to modern way i.e. e-commerce via web and other online transaction
software. Web is changing the behavior of consumers are well as they are becoming less
loyal, take less time for choosing and consuming the tourism products. As this industry
is service oriented business industry, companies are implementing various new
techniques to satisfy consumer needs and providing information to them through web
and different value generating strategies like value extraction, value capture, value
addition value creation. Travel and tourism is information based service oriented
business and the product is termed as “confidence good’ and prior comprehensive
assessment of quality is impossible however due to uses of e-commerce feedbacks from
consumers can be obtained in short span of time and this services can be enhanced
accordingly. Due to adoption of e-commerce in travel and tourism industry consumers
are becoming more powerful players as they can choose their destination and sited in few
minutes whereas travel agents, travel websites see diminishing power in sales however
they are.
11
India's retail market is estimated at $470 billion in 2011 and is expected to grow
to $675 Bn by 2016 and $850 billion by 2020, – estimated CAGR of 10%. According to
Forrester, the e-commerce market in India is set to grow the fastest within the Asia-
Pacific Region at a CAGR of over 57% between2012–16.
As per "India Goes Digital", a report by Avendus Capital, the Indian e-commerce
market is estimated at Rs 28,500 Crore ($6.3 billion) for the year 2011. Online travel
constitutes a sizable portion (87%) of this market today. Online travel market in India
had a growth rate of 22% over the next 4 years and reach Rs 54,800 crore ($12.2 billion)
in size by 2015. Indian e-tailing industry is estimated at Rs 3,600 crore (US$800 million)
in 2011 and estimated to grow to Rs 53,000 crore ($11.8 billion) in 2015.
From 2007 up until today, the company’s graph has only been scaling upwards. They
have now expanded to other areas like electronics, fashion, beauty, and have turned from
a small online bookstore to a giant commercial platform. So much so, that they have now
become Amazon’s biggest competitor in India.
The company initially began with INR 4 lakh as funding capital in 2007. In 2009, Accel
India, a venture capital firm pitched in with USD 1 million, and Tiger Global
Management came in with USD 10 million. The company’s evaluation hit an impressive
USD 50 million in its first two years.
By 2011, Tiger Global raised another 20 million and the Flipkart’s valuation hit USD 1
billion. In 2012, Flipkart officially became a unicorn startup. At this point, South African
Tech company Nasper led a funding round by pitching in USD 150 million.
In 2013, by adding existing investors and additional ones like Morgan Stanley, Sofina,
Vulcan Capital and Dragoneer, the company raised USD 360 million.
13
By 2014, DST Global came in with an investment of 210 million. But the highlight of
this year was when the company made history by receiving a total fund of USD 1 billion
from existing and new backers. This shot up the evaluation of the company to USD 7
billion dollars. However, they were not done for the year. Hedge funds like Greenoaks,
Steadview Capital raised another USD 700 million and the evaluation raised again to
USD 11 billion.
2018 was a big year as Walmart played a big card in their merger with Flipkart.
According to reports, the American retailer confirmed its largest investment yet into
Flipkart. It will pour in a whopping USD 16 billion into the company for a 77% share in
the online retailer. Flipkart grew year by year not only through its major funding deals
but also through strategic acquisitions.
A major trigger for a lot of Flipkart’s takeovers was the entry of Amazon in the Indian
market. Amongst the many companies it has taken over, some are- Myntra, LetsBuy, and
Jabong.com. eBay India would also be Flipkart’s subsidiary. The unicorn has also made
multiple collateral deals with other companies like Asus, Motorola, Swiggy, and
Walmart to venture into markets (like food-delivery and groceries) that it seeks to grow
in.
Flipkart has also introduced in-house branches like DigFLip, Citron, SmartBuy, and
MarQ, which tackle areas like smartphones, electronic accessories, and large appliances.
Flipkart is significantly dominant in the sale of apparel (a position that was bolstered by
its acquisitions of Myntra and Jabong.com), and was described as being "neck and neck"
with Amazon in the sale of electronics and mobile phones, Flipkart also owns PhonePe,
a mobile payments service based on the Unified Payments Interface (UPI). In August
2018, U.S.-based retail chain Walmart acquired a 77% controlling stake in Flipkart
for US$ 16 billion, valuing it at $22 billion.
Amazon
Amazon is the largest e-commerce market place and cloud computing in the world as
measured by revenue and market capitalization. Amazon.com was founded by Jeff
Bzos on July 5, 1994, and started as an online bookstore but later diversified to
sell video downloads/streaming, MP3 downloads/streaming, audiobook
downloads/streaming, software, video games, electronics, apparel, furniture, food, toys,
14
and jewelry. The company also owns a publishing arm, amazon publishing, a film and
television studio, Amazon studios, produces consumer electronics lines including kindle
e readers, Fire tablets, fire TV, and Echo devices, and is the world's largest provider
of cloud infrastructure services (IaaS and PaaS) through its AWS subsidiary. Amazon
has separate retail websites for some countries and also offers international shipping of
some of its products to certain other countries. 100 million people subscribe to Amazon
Prime.
Amazon is the largest internet company by revenue in the world and the second largest
employer in the United States. In 2015, Amazon surpassed Walmart as the most valuable
retailer in the United States by market capitalization. In 2017, Amazon acquired whole
foods market for $13.4 billion, which vastly increased Amazon's presence as a brick-and-
mortar retailer. The acquisition was interpreted by some as a direct attempt to challenge
Walmart's traditional retail stores.
In 1994, Jeff Bezos incorporated Amazon. In May 1997, the organization went public.
The company began selling music and videos in 1998, at which time it began operations
internationally by acquiring online sellers of books in United Kingdom and Germany.
The following year, the organization also sold video games, consumer electronics, home-
improvement items, software, games, and toys in addition to other items.
In 2002, the corporation started Amazon Web Services (AWS), which provided data on
Web site popularity, Internet traffic patterns and other statistics for marketers and
developers. In 2006, the organization grew its AWS portfolio when Elastic Compute
Cloud(EC2), which rents computer processing power as well as Simple Storage
Service (S3), that rents data storage via the Internet, were made available. That same
year, the company started Fulfillment by Amazon which managed the inventory of
individuals and small companies selling their belongings through the company internet
site. In 2012, Amazon bought Kiva Systems to automate its inventory-management
business, purchasing Whole Foods Market supermarket chain five years later in 2017.
eBay
eBay Inc. is an American multinational e-commerce corporation based in San Jose,
California that facilitates consumer-to-consumer and business-to-consumer sales through
its website. eBay was founded by Pierre Omidyar in the autumn of 1995, and became a
15
notable success story of the dot-com bubble. eBay is a multibillion-dollar business with
operations in about 30 countries, as of 2011. The company manages the eBay website,
an online auction and shopping website in which people and businesses buy and sell a
wide variety of goods and services worldwide. The website is free to use for buyers, but
sellers are charged fees for listing items after a limited number of free listings, and again
when those items are sold. In addition to eBay's original auction-style sales, the website
has evolved and expanded to include: instant "Buy It Now" shopping; shopping
by Universal Product Code, ISBN, or other kind of SKU number (via Half.com, which
was shut down in 2017); online classified advertisements (via Kijiji, or eBay Classifieds);
online event ticket trading (via StubHub); and other services. eBay previously offered
online money transfers as part of its services (via PayPal, which was a wholly owned
subsidiary of eBay from 2002 to 2015).
Club Factory
Club Factory was first launched in 2014 by Aaron Jialun Li and Vincent Lou, both who
are graduates of the Stanford University, California. According to the makers, the Club
Factory software uses proprietary AI-algorithm and knowledge graph to compare prices
from multiple manufacturers.
Club Factory has positioned its market in places like India, Europe, United
States, Southeast Asia and the Middle East. India became the leading market for Club
Factory accounting for nearly 40 million users out of its 70 million users globally.In
India, Club Factory owes its growth in the market to its consumers. The Times of
India described the Indian consumers as "discount hunters"who opt for Chinese online
retailers due to their cheaper price.
16
In 2018, the electronic commerce platform raised $100 million in a series C or venture
round of funding from existing investors like IDG Capital, Kunlun Capital
and Bertelsmann Asia Investment (BAI).
Club Factory’s offerings check three boxes: unbranded, trendy and cheap. It keeps it that
way by having 200,000 suppliers on its platform looking to churn their inventory.
Founded by Lou, a Stanford graduate and a former Facebook employee, Club Factory
started as Hangzhou-headquartered Baokuanyi, a software as a service (SaaS) data
intelligence platform to help suppliers make decisions based on factory and inventory
data in China.
Lou met his co-founder Aaron Li at Stanford University where they worked together on
an artificial intelligence-powered solution to help World Health Organisation optimize
costs of medical devices. They used AI techniques to model medical knowledge and help
develop ICD 11 (World Health Organization’s official medical knowledge graph) and
got attention in top academic journals and conferences.
Later on, with the opinion that the same solution could be applied to supply chain
management, they started Baokuanyi in December 2014, which soon became one of the
largest data analytics platforms for manufacturers with inventory and stock data of more
than 200,000 factories. The promise: increase margins with a better sense of inventory
data.
With the platform scaling up, in 2016, Lou realised that Club Factory could help suppliers
liquidate inventories by selling directly to customers. Fast forward to today: Club Factory
has honed its supply-chain management system focused on the individual and pairs with
its AI-based algorithm to recommend products to users.
Its app uses proprietary AI technology to compare prices from multiple manufacturers in
real-time to present the customer with the lowest price for a product. It helps that the
platform has the benefit of reduced cost saved on middlemen.
Further, Club Factory’s SaaS offering helps suppliers with insights on production such
as details on products that sell fast and designs that work well with a set of users —
reducing the likelihood and cost of dead inventory. Club Factory did not divulge the cost
saved at the consumer level.
17
The company is clear that it will be a ‘horizontal player’, not a vertical specialist. Its app
has over a million products listed in eight categories with 10,000 new products added
every day. Though apparel remains the fastest-selling category among its offerings in
India, other categories such as fashion accessories, home decor, kitchen appliances, and
personal electronics are also seeing good traction on the platform, says Rastogi. “The
plan is to establish Club Factory as a mass market brand,” he adds.
Its target markets make for an even bolder strategy: tier 2 and tier 3 Indian cities and
towns – in what could be a threat to second-tier Indian e-commerce players such as Paytm
Mall and ShopClues. The holy grail for Indian e-commerce lies in chasing the next 100
million internet users in such smaller cities and towns, which consulting firm
RedSeer estimates will add some 19 million to India’s online shoppers in 2018.
Club Factory has partnered with five last mile logistics players – two that customers
named are Gati and Delhivery – in India. The company says it already caters to over
26,000 pin codes in India.
18
CHAPTER III
RESEARCH METHODOLOGY
Introduction
“A Research Design is the arrangement of condition for collection and analysis of data
in a manner that aims to combine relevance to the research purpose with the economy in
procedure”. The research design adopted for the studies is descriptive design. The
researcher has to describe the present situation in order to know the behaviour of the
respondents. Hence descriptive research study is used. Descriptive research can only
report what happened and what is happening.
Sampling
The aggregate elementary units in the survey are referred to as the population. Here it
covers the students in Namakkal Region.
The sample for this study was choose from Namakkal region. They were selected based
on the convenience of the researcher and here the sample size is 130
Sample design
Primary data
Secondary data
Secondary data was collected form the articles, websites for the analysis.
Percentage analysis
Chi-Square
Correlation
ANOVA
Percentage Analysis
In case multiple – choice question the respondents were categorized based on the nature
and percentage is calculated for each category. The percentage analysis is the analysis
of ratio of a current value either the result multiplied by 100
Actual Respondents
Chi-Square Test
calculated chi-square value is less than the tabulated value, the hypothesis is rejected the
formulate for chi-square test is Chi-Square analysis is a statistical measure used in the
context on sampling analysis for comparing a variance to a theoretical variance.
Correlation
Correlation is a statistical technique that can show whether and how strongly pairs of
variables are related. For example, height and weight are related; taller people tend to be
heavier than shorter people. The relationship isn't perfect. People of the same height vary
in weight, and you can easily think of two people you know where the shorter one is
heavier than the taller one. Nonetheless, the average weight of people 5'5'' is less than the
average weight of people 5'6'', and their average weight is less than that of people 5'7'',
etc. Correlation can tell you just how much of the variation in peoples' weights is related
to their heights. Although this correlation is fairly obvious your data may contain
unsuspected correlations. You may also suspect there are correlations, but don't know
which are the strongest. An intelligent correlation analysis can lead to a greater
understanding of your data.
ANOVA
A statistical analysis tool that separates the total variability found within a data set into
two components: random and systematic factor. The random factors do not have any
statistical influence on the given data set, while the systematic factors do. The ANOVA
test is used to determine the impact independent variables have on the dependent variable
in a regression analysis. It is also the initial step in identifying factors that are influencing
a given data set. After the ANOVA test is performed, the analysis is able to perform
further analysis on the systematic factors that are statistically contributing to the data
set’s variability.
CHAPTER – IV
DATA ANALYSIS AND INTERPRETATION
TABLE 4.1
AGE OF THE RESPONDENTS
No of
Age respondents Percentage
16-18 15 12
19-21 32 25
22-25 55 42
25 & above 28 22
Total 130 100
INFERENCE:
The above table shows that
CHART : 4.A
35
30
25
25 22
20
15 12
10
5
0
16-18 19-21 22-25 25 & above
Age
22
TABLE 4.2
INFERENCE
The above table shows that
45% of the respondents are Male.
55% of the respondents are Female.
About 55% of the respondents are Female.
CHART 4.B
GENDER OF THE RESPONDENTS
60 55
No of the respondents
50 45
40
30
20
10
0
Male Female
Gender
23
TABLE 4.3
EDUCATIONAL QUALIFICATION OF THE RESPONDENTS
Educational No of
qualification respondents Percentage
Diploma 29 22
Graduate 61 47
Post graduate 38 29
Others 2 2
Total 130 100
INFERENCE
The above table shows that
CHART 4.C
EDUCATIONAL QUALIFICATION OF THE RESPONDENTS
50 47
45
No of the respondents
40
35
29
30
25 22
20
15
10
5 2
0
Diploma Graduate Post graduate others
Educational qualification
24
TABLE 4.4
FREQUENCY OF SHOPPING THROUGH E-COMMERCE WEBSITES
INFERENCE
CHART 4.D
FREQUENCY OF SHOPPING IN E-COMMERCE
40 36
35
31
No of the respondents
30
25
25
20
15
10 8
5
0
More than once a Once in 1-2 month once in 3-6 month once in 7-12 month
month
Period
25
TABLE 4.5
PURPOSE OF USING E-COMMERCE
No of
Particulars respondents Percentage
For personal use 69 53
For educational use 12 9
For both personal & educational
49 38
use
Total 130 100
INFERENCE
The above table shows that
CHART 4.E
PURPOSE OF USING E-COMMERCE
60
53
50
No of the respondents
40 38
30
20
9
10
0
For personal use For educational use For both personal &
educational use
Purpose of using e-commerce
26
TABLE 4.6
MOST PREFRRED E-COMMERCE WEBSITE
INFERENCE
CHART 4.F
MOST PREFERFED E-COMMERCE WEBSITE
60
50
No of the respondents
40
30
20
10
0
Flipkart Amazon eBay Clubfactory Others
E-Commerce websites
27
TABLE 4.7
No of the
Particulars respondents Percentage
Always 5 4
Most often 23 18
Often 74 57
Quite rarely 27 21
Rarely 1 1
Total 130 100
INFERRENCE
CHART 4.G
FREQUENCY OF USING E-COMMERCE FOR GETTING INFORMATION
BEFORE SHOPPING AT A PHYSICAL STORE
60
No of the respondents
50
40
30
20
10
0
Always Most often often Quite rarely rarely
Frequency of getting information
28
TABLE 4.8
THE PRODUCT VARIETY THAT GENERALLY PERFER BUYING ONLINE
INFERRENCE
The above table shows that
CHART 4.H
THE PRODUCT VARIETY THAT GENERALLY PERFER BUYING ONLINE
45
38
40
No of the respondents
35
30 25
25
20 16
15 12
9
10
5
0
clothing Personal care Mobiles/tablets books Others
products
Product varieties
29
TABLE 4.9
SAFETY IN ONLINE SHOPPING
No of
Particulars respondents Percentage
Yes 95 73
No 35 27
Total 130 100
INFERRENCE
The above table shows that
CHART 4.I
SAFETY IN ONLINE SHOPPING
80 73
70
No of the respondents
60
50
40
30 27
20
10
0
yes no
Opinion
30
TABLE 4.10
PAYMENT METHOD
No of
Particulars respondents Percentage
Debit card 20 15
Cash on delivery 78 60
Third party [ Paytm, paypal
32 25
others]
Total 130 100
INFERENCE
The above table shows that
CHART 4.J
PAYMENT METHOD
70
60
No of the respondents
60
50
40
30 25
20 15
10
0
Debit card Cash on delivery Third party
Mode of payment
31
TABLE 4.11
CHOOSING E-COMMERCE SITE
INFERRENCE
The above table shows that
CHART 4.K
CHOOSING E-COMMERCE SITE
50
43
45
No of the respondents
40 35
35
30
25
20 15
15
10 8
5
0
Refered by friend Advertisement online review others
Method of choosing
32
TABLE 4.12
No of
Particulars Respondents Percentage
Flipkart 29 22
Amazon 46 28
eBay 2 7
Club factory 43 33
Others 10 8
Total 130 100
INFERENCE
The above table shows that
About 33% of the respondents are satisfied in the price of Club Factory
CHART 4.L
35 33
30 28
No of the respondents
25 22
20
15
10 7 8
5
0
Flipkart Amazon eBay Clubfactory Others
E-Commerce sites
33
TABLE 4.13
SUGGESTING E-COMMERCE TO OTHERS
INFERENCE
CHART 4.M
SUGGESTING E-COMMERCE TO OTHERS
40 37
No of the respondents
35
30 25
25
20 16
14
15
10 8
5
0
Flipkart Amazon eBay Clubfactory Others
E-commerce sites
34
TABLE 4.14
OCCASION OF PURCHASING IN E-COMMERCE SITES
No of
Particulars respondents Percentage
Festival 23 18
To gifts 8 6
Offers 83 64
Others 16 12
Total 130 100
INFERENCE
The above table shows that
18% of the respondents are purchasing on Festival
6% of the respondents are purchasing To gifts
64% of the respondents are purchasing on Offers
12% of the respondents are purchasing on Others
Majority, 64% of the respondents are purchasing on the occasion of Offers.
CHART 4.N
OCCASION OF PURCHASING IN E-COMMERCE SITES
70 64
60
No of the respondents
50
40
30
18
20 12
10 6
0
Festival To gifts Offers Others
Occasions
35
TABLE 4.15
PROBLEM FACED WHILE DOING ONLINE SHOPPING
INFERENCE
The above table shows that
15% of the respondents are facing Delay in delivery
37% of the respondents are facing Product damage
22% of the respondents are facing Cheap quality
18% of the respondents are facing Non-delivery
8% of the respondents are facing Never
About 37% of the respondents are facing the issue of Product damage.
CHART 4.O
PROBLEM FACED WHILE DOING ONLINE SHOPPING
40 37
35
No of the respondents
30
25 22
20 18
15
15
8
10
5
0
Delay in delivery Product damage cheap quality non-delivery never
Problems
36
TABLE 4.16
INFERENCE
The above table shows that opinion about impact of promotional activities on their
purchasing.
About 50% of the respondents Agree that promotional activities impact the purchasing
decisions.
CHART 4.P
60
50
No of the respondents
50
40
30
22
18
20
10
10
0
disagree neutral agree Strongly agree
Opinion
37
TABLE 4.17
OPINION ABOUT PRODUCT QUALITY OF FLIPKART
INFERENCE
The above table shows that opinion regarding the product quality of Flipkart
1% of the respondents are Highly Dissatisfied
9% of the respondents are Dissatisfied
35% of the respondents are Neutral
42% of the respondents are Satisfied
15% of the respondents are Highly satisfied
About 43% of the respondents are Satisfied regarding the product quality of Flipkart.
CHART 4.Q
OPINION REGARDING PRODUCT QUALITY OF FLIPKART
45
40
40
No of the respondents
35
30
25
25
20
14
15
10
5 3
0
highly Dissatisfied Neutral Satisfied Highly satisfied
dissatisfied
Opinions
38
TABLE 4.18
OPINION REGARDING THE RANGE OF PRODUCTS OF FLIPKART
INFERENCE
The above table shows that
4% of the respondents are Highly Dissatisfied
5% of the respondents are Dissatisfied
54% of the respondents are Satisfied
22% of the respondents are Highly Satisfied
Above 54% of the respondents are Satisfied regarding the range of products of Flipkart.
CHART 4.R
OPINION REGARDING THE RANGE OF PRODUCTS OF FLIPKART
60
50
No of the respondents
50
40
30 24 22
20
10 4 5
0
highly Dissatisfied Neutral Satisfied Highly satisfied
dissatisfied
Opinions
39
TABLE 4.19
OPINION REGARDING THE OFFER SCHEMES OF FLIPKART
INFERENCE
The above table shows that
5% of the respondents are Highly dissatisfied
7% 0f the respondents are Dissatisfied
17% of the respondents are Neutral
38% of the respondents are Satisfied
33% of the respondents are Highly satisfied
About 41% of the respondents are Satisfied regarding the offer schemes of Flipkart.
CHART 4.S
OPINION REGARDING THE OFFER SCHEMES OF FLIPKART
45
40
40
35
No of the respondents
30
25
25
20
14
15
10
5 3
0
highly Dissatisfied Neutral Satisfied Highly satisfied
dissatisfied
Opinions
40
TABLE 4.20
OPINION REGARDING THE PAYMENT METHOD OF FLIPKART
INFERENCE
The above table shows that
2% of the respondents are Highly Dissatisfied
5% of the respondents are Dissatisfied
13% of the respondents are Neutral
35% of the respondents are Satisfied
45% of the respondents are Highly satisfied
About 45% of the respondents are Highly satisfied regarding the payment method of
Flipkart.
CHART 4.T
OPINION REGARDING THE PAYMENT METHOD OF FLIPKART
45
40
40
35
No of the respondents
30
25
25
20
14
15
10
5 3
0
highly Dissatisfied Neutral Satisfied Highly satisfied
dissatisfied
Opinions
41
TABLE 4.21
OPINION ABOUTTHE RETURN POLICY OF FLIPKART
Highly dissatisfied 4 3
Dissatisfied 18 14
Neutral 52 40
Satisfied 33 25
Highly Satisfied 23 18
Total 130 100
INFERENCE
The above table shows that opinion regarding return policy of Flipkart
3% of the respondents are Highly Dissatisfied
14% of the respondents are Dissatisfied
40% of the respondents are Neutral
25% of the respondents are Satisfied
18% of the respondents are Highly satisfied
About 40% of the respondents have Neutral opinion regarding the return policy of
Flipkart.
CHART 4.U
OPINION ABOUT THE RETURN POLICY OF FLIPKART
45
40
40
35
No of the respondents
30
25
25
20 18
14
15
10
5 3
0
highly Dissatisfied Neutral Satisfied Highly satisfied
dissatisfied
Opinions
42
TABLE 4.22
OPINION ABOUT THE APPLICATION OF E-COMMERCE HAS
INCREASED OVER THE YEARS
No of
Particulars respondents Percentage
Disagree 13 10
Neutral 7 5
Agree 68 53
Strongly agree 42 32
Total 130 100
INFERENCE
The above table shows that opinion regarding that the application of e-commerce
increased over years.
14% of the respondents are Dissatisfied
21% of the respondents are Neutral
40% of the respondents are Satisfied
25% of the respondents are Highly satisfied
About 40% of the respondents are Satisfied regarding the application of E-Commerce
has increased over the years.
CHART 4.V
OPINION ABOUT THE APPLICATION OF E-COMMERCE HAS
INCREASED OVER THE YEARS
60 53
No of the respondents
50
40
32
30
20
10
10 5
0
disagree neutral agree Strongly agree
Opinion
43
TABLE 4.23
OPINION ABOUT E-COMMERCE AS COMMERCIAL MEANS HAS ITS
ADVANTAGES OVER THE TRADITIONAL COMMERCIAL METHODS
INFERENCE
The above table shows that opinion regarding E-Commerce as commercial mean has its
advantages over the traditional commercial methods
9% of the respondents are Strongly Disagree
18% of the respondents are Disagree
37% of the respondents are Neutral
29% of the respondents are Agree
7% of the respondents are Strongly agree
About 37% of the respondents have neutral opinion regarding E-Commerce as
commercial mean has its advantages over the traditional commercial methods.
CHART 4.W
OPINION ABOUT E-COMMERCE AS COMMERCIAL MEANS HAS ITS
ADVANTAGES OVER THE TRADITIONAL COMMERCIAL METHODS
40 37
No of the respondents
35
29
30
25
20 18
15
9
10 7
5
0
strongly disagree disagree neutral agree Strongly agree
Opinion
44
TABLE 4.24
OPINION ABOUT E-COMMERCE CAN PROVIDE AN ALTERNATIVE
MARKETING CHANNEL BY ELIMINATING MIDDLEMAN
INFERENCE
The above table shows that opinion regarding e-commerce can provide an alternative
marketing channel by eliminating middleman
CHART 4.X
OPINION ABOUT E-COMMERCE CAN PROVIDE AN ALTERNATIVE
MARKETING CHANNEL BY ELIMINATING MIDDLEMAN
45 41
No of the respondents
40
35 32
30
25 21
20
15
10 6
5 1
0
strongly disagree neutral agree Strongly agree
disagree
Opinion
45
TABLE 4.25
THE MOST PROMINENT DOMAIN IN E-COMMERCE BUSINESS
No of
Particulars respondents Percentage
Matrimony 34 26
Real estate 20 15
Stocks & Shares 13 10
Travel & Tourism 63 48
INFERENCE
The above table shows that
26% of the respondents are choosing Matrimony
15% of the respondents are choosing Real estate
10% of the respondents are choosing Stocks & Shares
48% of the respondents are choosing Travel & Tourisms
About 48% of the respondents are choosing Travel and Tourisms as the most prominent
domain in E-Commerce business.
CHART 4.Y
THE MOST PROMINENT DOMAIN IN E-COMMERCE BUSINESS
60
48
50
No of the respondents
40
30 26
20 15
10
10
0
Matrimony Real estate Stocks&shares Travel&tourism
Domains in E-commerce
46
TABLE 4.26
HELPFULNESS OF E-COMMERCE TO THE CONSUMER
No of respondents Percentage
Particulars
Broadens consumer choice 22 17
Encourage price
40 31
Transparency
Fasten business process 53 41
Others 15 12
130 100
Total
INFERENCE
The above table shows that
17% of the respondents say Broadens consumer choice
31% of the respondents say Encourage price transparency
41% of the respondents say Fasten business process
12% of the respondents say Others
About 41% of the respondents say that E-Commerce is helpful to the consumer in
Fasten Business process.
CHART 4.Z
HELPFULNESS OF E-COMMERCE TO THE CONSUMER
45 41
40
No of the respondents
35 31
30
25
20 17
15 12
10
5
0
Broadens consumer Encourage price Fasten business others
choice Transparency process
Opinions
47
TABLE 4.27
MOST IMPORTANT CRITERION WHEN BUY IN ONLINE
INFERENCE
CHART 4.AA
60
50
No of the respondents
50
40
32
30
20
10 8
10
0
Delivery Product quality Payment security Others
Criteria
48
TABLE 4.28
THE CHALLENGES IN IMPLEMENTING OF E-COMMERCE
INFERENCE
The above table shows that
13% of the respondents say Slow penetration of internet
22% of the respondents say Security concerns
26% of the respondents say Lack of trust
29% of the respondents say Consumers’ awareness level is low
10% of the respondents say Other factors
About 29% of the respondents say that Consumers’ awareness level is low in
implementing of E-Commerce business.
CHART 4.AB
THE CHALLENGES IN IMPLEMENTING OF E-COMMERCE
35
29
No of the respondents
30 26
25 22
20
15 13
10
10
5
0
Slow penetration Security concerns Lack of trust consumers' others factors
of internet awareness level is
low
Opinion
49
TABLE 4.29
MEASURE FOR PROMOTION OF E-COMMERCE
No of
Particulars respondents Percentage
Promotion of internet 27 21
To increase the awareness level of
58 45
people
An integrated promotional
29 22
approach
Other measures 16 12
Total 130 100
INFERENCE
The above table shows that
21% of the respondents recommend Promotion of internet
45% of the respondents recommend To increase the awareness level of people
22% of the respondents recommend An integrated promotional approach
12% of the respondents recommend Other measures
About 45% of the respondents are recommending to increase the awareness level of
people as a measure.
CHART 4.AC
MEASURE FOR PROMOTION OF E-COMMERCE
50 45
45
No of the respondents
40
35
30
25 21 22
20
15 12
10
5
0
Promotion of internet To increase the An integrated Other measures
awareness level of promotional approach
people
Measures
50
TABLE 4.30
THE FUTURE OF E-COMMERCE IN INDIA
No of
Particulars respondents Percentage
Very good 37 28
Good 66 51
Do not know 27 21
Total 130 100
INFERENCE
The above table shows that
28% of the respondents say Very good
51% of the respondents say Good
21% of the respondents say Do not know
About 51% of the respondents say that the future of E-commerce in India is Good.
CHART 4.AD
THE FUTURE OF E-COMMERCE IN INDIA
60
51
50
No of the respondents
40
28
30
21
20
10
0
very good good Do not know
Opinions
51
TABLE 4.31
CHI – SQUARE
Relationship between the gender of the respondents and opinion about the
application of e-commerce has increased over the years.
HYPOTHESIS: 1
H0: There is no relationship between gender of the respondents and the opinion
regarding the application of e-commerce increased over the years.
H1: There is a relationship between gender of the respondents and the opinion
regarding the application of e-commerce increased over the years.
Chi-Square Tests
Asymp. Sig.
Value df (2-sided)
Pearson Chi-Square 2.444a 3 .485
Likelihood Ratio 2.484 3 .478
Linear-by-Linear
.677 1 .411
Association
N of Valid Cases 130
a. 4 cells (50.0%) have expected count less than 5. The minimum
expected count is 1.78.
INFERENCE:
Since calculated value is greater than the tabulated value (0.485>0.05), we
accept the null hypothesis (H0), and reject the alternative hypothesis(H1).
TABLE 4.32
CHI - SQUARE
Relationship between Educational Qualification between the opinion regarding
what according to you is the future of e-commerce
HYPOTHESIS: 2
Chi-Square Tests
Asymp. Sig.
Value df (2-sided)
Pearson Chi-Square 3.692a 6 .718
Likelihood Ratio 4.469 6 .614
Linear-by-Linear
.466 1 .495
Association
N of Valid Cases 130
INFERENCE
Since calculated value is greater than the tabulated value (0.718>0.05), we
accept the null hypothesis (H0), and reject the alternative hypothesis(H1).
TABLE 4.33
CORRELATION
Relationship between educational qualification and opinion about promotion
activities impact the purchasing decision
H0: There is no correlation between Educational qualification and opinion about the
promotional activities impact the purchasing decision
H!: There is a correlation between educational qualification and opinion about the
promotional activities impact the purchasing decision
Promotional
activities
impact the
Educational purchasing
qualification decision
Educational Pearson
1 .071
qualification Correlation
Sig. (2-tailed) .423
N 130 130
Promotional activities Pearson
.071 1
impact the purchasing Correlation
decision Sig. (2-tailed) .423
N 130 130
INFERENCE:
From the above table it could be inferred that the correlation value is 0.071. But the value
is not significant. Hence it could be concluded that there is no correlation between
educational qualification and opinion regarding that the promotional activities impact the
purchasing decision.
54
TABLE 4.34
CORRELATION
Relationship between educational qualification and opinion regarding that the E-
commerce can provide an alternative marketing channel by eliminating middleman
HYPOTHESIS 4
H0: There is no correlation between educational qualification and opinion regarding that
the E-commerce can provide an alternative marketing channel by eliminating middleman
H1: There is a correlation between educational qualification and opinion regarding that
the E-commerce can provide an alternative marketing channel by eliminating
middleman.
E-commerce
can provide an
alternative
marketing
channel by
Educational eliminating
qualification middleman
Educational qualification Pearson Correlation 1 .095
Sig. (2-tailed) .283
N 130 130
E-commerce can provide Pearson Correlation .095 1
an alternative marketing Sig. (2-tailed) .283
channel by eliminating
N 130 130
middleman
INFERENCE
From the above table it could be inferred that the correlation value is 0.095. But the value
is not significant. Hence it could be concluded that there is no correlation between
educational qualification and opinion regarding that the e-commerce can provide an
alternative marketing channel by eliminating middleman.
55
TABLE 4.35
ANOVA
Variation among age and opinion regarding most prominent domain in e-commerce
AIM
To find out the opinion between age and opinion regarding most prominent domain in e-
commerce
H0: There is no variation among age and opinion regarding most prominent domain in
e-commerce
H1: There is a variation among age and opinion regarding most prominent domain in e-
commerce.
ANOVA
Sum of
Squares df Mean Square F Sig.
Between
2.639 3 .880 1.022 .385
Groups
Within Groups 108.469 126 .861
Total 111.108 129
INFERENCE
The p-value(0.385) is greater than the level of significance 0.05. Hence we accept the
null hypothesis and reject alternative hypothesis.
There is no variation among age and opinion regarding most prominent domain in e-
commerce.
56
TABLE 4.36
ANOVA
Variation among frequency of purchasing and opinion regarding that the E-
commerce as commercial means has its advantage over the traditional commercial
methods.
AIM
To find out the opinion between frequency of purchasing and opinion regarding that the
E-commerce as commercial means has its advantage over the traditional commercial
methods.
H0: There is no variation among frequency of purchasing and opinion regarding that the
E-commerce as commercial means has its advantage over the traditional commercial
methods
H1: There is a variation among frequency of purchasing and opinion regarding that the
E-commerce as commercial means has its advantage over the traditional commercial
methods.
ANOVA
Sum of
Squares df Mean Square F Sig.
Between
1.818 4 .455 .530 .714
Groups
Within Groups 107.259 125 .858
Total 109.077 129
INFERENCE:
The p-value (0.714) is greater than the level of significance 0.05. Hence we accept the
null hypothesis & reject alternative hypothesis.
There is no variation among frequency of purchasing and opinion regarding that the E-
commerce as commercial means has its advantage over the traditional commercial
methods.
57
CHAPTER V
RESULTS AND DISCUSSIONS
5.1 FINDINGS
Percentage Analysis
Chi – square
There is no relationship between gender of the respondents and the
opinion regarding the application of e-commerce increased over the
years.
There is no relation between education qualification of the respondents
and opinion regarding what according to you is the future of e-
commerce.
Correlation
There is no correlation between educational qualification and opinion regarding
that the promotional activities impact the purchasing decision.
There is no correlation between educational qualification and opinion regarding
that the e-commerce can provide an alternative marketing channel by eliminating
middleman.
ANOVA
There is no variation among age and opinion regarding most prominent domain
in e-commerce.
59
5.2 SUGGESTION
37% of the respondents are facing the issue of product damage while purchasing in
e-commerce sites. So the e-commerce companies should concentrate on the quality
of the product and develop the packaging method to avoid any damages at the time
of product shipping. There is also need to remove the fear in the minds the customers
regarding the product quality, durability and payments etc. in online shopping
Only 18% of the respondents are purchasing only on the festival times. The e-
commerce companies should focus on the promotional activities to make consumer
buy in the e-commerce sites.
29% of the respondents are believing that Traditional commercial methods has its
own advantages comparing with the e-commerce sites. Consumers seeking securities
for the payment which they made with online sites. As Indian consumers are much
more cautious about shopping online as compared to the West. They are reluctant to
divulge credit card details. The cash on delivery service has will help a lot of
traditional consumers turn to online shopping.
40% of the respondents have neutral opinion regarding the return policy of flipkart.
So the company has to make some changes regarding the return policy scheme and
a well enhanced customer service centre to deal a customer problems about the
product replacement facility.
5.3 CONCLUSION
Name :
1. Age of the respondents
a) 16-18 b) 19-21 c)22-25 d)25 & above
2. Gender of the respondents
a) Male b) Female
3. Educational qualification
a) Diploma b) Graduate c)Post graduate d) Others
4. How frequently do you shop through e-commerce websites
a) More than once a month
b) Once in 1-2 month
c) Once in 3-6 month
d) Once in 7-12 month
5. For what purpose do you use e-commerce?
a) For personal use b) For Educational use c) For both personal &
educational use
6. Which is your most preferred e-commerce website
a) Flipkart b) Amazon c)ebay d) Clubfactory e) Others
7. How frequently have you used the e-commerce website for getting information
before shopping at a physical store?
a) Always b) Most often c) Often d)Quite rarely e) Rarely
e) Never
8. The product variety that you generally prefer buying online
a) Clothing b) Personal care products c) Mobiles/Tablets
d) Books e) others
a) Yes b) No
62
12. In terms of pricing, with which online shopping site you are satisfied
15. What kind of problem did you face while doing online shopping ?
d) Non-Delivery e) Never
a) Yes b)No
63
20. E-commerce as commercial means has its advantages over the traditional
commercial methods.
24. According to you, what are the most important criterion when you buy online?
e) others factors
26. What measure would you recommend for promotions of e-commerce in India ?
d) Do not know
65
REFERENCES
Articles
BOOKS
WEBSITES
1. https://www.google.com/amp/s/m.economictimes.com/industry/services/retail/i
ndian-e-commerce-market-to-touch-usd-84-billion-in-2021-
report/amp_articleshow/68169239.cms
2. https://www.fastcompany.com/company/amazon
3. https://factordaily.com/club-factory-connects-chinese-suppliers-and-indian-
consumers/
4. https://www.investopedia.com/articles/investing/061215/how-are-ebay-and-
amazon-different.asp
5. https://successstory.com/companies/flipkart