E - COMMERCE

1. What is facebook?
Facebook is a social networking website intended to connect friends, family, and business associates. It is the largest of the networking sites, with the runner up being MySpace. It began as a college networking website and has expanded to include anyone and everyone.
Facebook was founded by 2004 by Harvard student Mark Zuckerberg and originally called thefacebook. It was quickly successful on campus and expanded beyond Harvard into other Ivy League schools. With the phenomenon growing in popularity, Zuckerberg enlisted two other students, Duston Moskovitz and Chris Hughes, to assist. Within months, thefacebook became a nationwide college networking website.

2. What is the advantages and disadvantages of facebook?
Facebook - a popular name among those who are so into it. Individuals who have an account in Facebook are now using more of their time to socialize with other people amidst the distance and lack of time. And even if a community like Facebook serves numerous advantages, it also proves to have certain disadvantages as well. There are now series of improvements in the system just to make up with the shortcomings. Arguments regarding the different advantages and disadvantages of Facebook are stated below.

Advantages
• Allows user search for new and old friends
• Accessible to chosen universities having a high level of security
• Makes it less awkward when communicating with strangers or people you are not familiar with
• Love attraction - can be used as a dating service system
• Makes it easier to join groups having similar likes and dislikes
• Allows members to check students who are taking the same class, living within the same area, or coming from the same academy

Disadvantages
• Overcrowding
• Weakening long distance relationship
• Unsupported by physical adjacency
• Contributes wide-range procrastination
• Rampant addiction
• Stalking is possible
• Acquaintances be labeled as friends

3. What are the characteristic of facebook? Why people engage in this site?
• Facebook doesn’t begin the conversation, it enhances it
• They are non-interruptive ,
• They integrate multiple social mediums ,
• They don’t strive for 1:1 communication, but they are active ,
• They use Facebook to create evangelists

Poeple are engage in facebook because it is famus easy to use and very friendly to use for any people and everywhere in the world people are much attracted because of friends are always socializing in the internet speacialy when they are far and at home.
4. Can you use facebook in E-commece? How & Why?
Between music, virtual gifting, gaming and retail goods, Facebook is turning into a virtual online mall of sorts. E-commerce app is the ability to allow shoppers to carry their goods with them across thousands of Payvment-powered storefronts on Facebook. It makes shopping on Facebook almost like shopping at Target, where you can visit multiple departments and buy all of your diverse purchases at once. Users can also add comments and reviews to Payvment-enabled storefronts.

As retailers flock to Facebook for both brand awareness and e-commerce, Payyvment’s free offerings are attractive because the platform is a one-stop shop for both efforts. However, Payvment isn’t the first to implement this strategy; 1-800-Flowers started offering discounts to users who became fans of its page last July. The startup, which just raised $1.2 million in funding, faces competition from BigCommerce, Alvenda and others.

5. How important facebook in the society today?
In terms of creating a social network, the Facebook generation is likely to see the melding of online friends with friends in the local area as a natural part of developing a well-rounded circle of acquaintances. The online social network may or may not overlap with the local group of friends, but it will be considered just as important in terms of encouragement, support, and the exchange of knowledge. Tools built into sites such as Facebook allow users to convey emotions, share data, and interact in ways that are much more efficient than earlier online efforts. With visual, verbal, and oral capabilities now common on these sites, the interaction is very similar to a face-to-face conversation.