There are plenty of ways to define the definition of E-commerce. For example, according to the Oxford Dictionary, E-commerce or electronic commerce is the commercial transaction that conducted electronically on the Internet. Some people define E-commerce as the processes of buying, selling, or exchanging products, services, and information by using the computer network technology such as the Internet. E-commerce does not only provide the function of buying and selling goods and services online via digital mediums such as Internet, but the function facilitating the entire purchasing and selling processes for both sellers and buyers (JENNEX, AMOROSO and ADELAKUN, 2004). The website INVESTOPEDIA.com stated that E-commerce is one type of the …show more content…
E-commerce has built a nearly perfect market because immediate and people are able to compare the offerings from numerous sellers worldwide. The growth of E-commerce has numerous advantages over the traditional stores or brick-and-mortar stores, which include greater flexibility, improved market outreach, lower cost structures, faster transactions, broader product lines, greater convenience, and customization (Srinivasan, Anderson and Ponnavolu, 2002). E-commerce provides opportunities to businesses especially in developing countries to access to the global market and reduce the transaction costs, and also helps developing countries to overcome the world economy problems (Lawrence and Tar, 2010). Since E-commerce enables all businesses from anywhere in the world to access to the global market, all people have equally chance to compete with the others. Without E-commerce, it is almost impossible for small-medium enterprises (SMEs) to compete with the large organizations due to the amount of the capitals that makes the larger organizations to hold the advantages over the smaller organizations. E-commerce is involved the use of the information technology (IT) to improve the communications and transactions with all of an organization’s stakeholders. E-commerce is also used as a new innovation strategy to raise business competitiveness,
E-commerce is the process of buying and selling of various products and services by businesses through the Internet. Primarily there are five types of ecommerce systems: Business to Consumer (B2C)
E-commerce is short for electronic commerce and refers to purchasing and selling items and services on the Internet via a website. Otherwise called an online store, an E-Commerce website has features that make it easy for customers to browse for items to purchase.
I am choosing to do my Business Analysis paper on e-commerce. I will explain the importance of it as well as the effects on the global economy. I will discuss the advantages of telecommunications and information technologies in a business versus those businesses without e-commerce. I will also discuss the marketing strategies involved with e-commerce and how it helps businesses. Due to the global nature of internet business, electronic commerce (e-commerce) standards have become a priority on the national and international level. While most traditional businesses are subject to local, state, and national
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. These business transactions occur either business-to-business, business-to-consumer, consumer-to-consumer or consumer-to-business. The terms e-commerceand e-business are often used interchangeably. The term e-tail is also sometimes used in reference to transactional processes around online retail, (SearchCIO, 2015). In other words e-commerce is the buying and selling of goods and services online.
definition of e-commerce ‘an internet transaction is the sale or purchase of goods or services, whether between businesses, households, individuals, governments, and other public or private organisations, conducted over the internet. The goods and services are ordered over the internet, but the payment and the ultimate delivery of the good or service may be conducted on or off-line’, that is, the commitment to purchase is made over the internet. (Acma.gov.au, 2016)
E-commerce is a product that has been available since the early 90’s. It is something that people are familiar with. A product that is now part and parcel of people’s lives.
E-business uses the digital technology to optimize the business activities of organization in order to increase the efficiency and effectiveness of operation and gain competitive advantages. E-business provides the solution that allows the organization to instantly share database, information of products and services, financial figures and data and nearly anything else that the organization may need to operate the business activities effectively and efficiently (Nguyen, 2013). E-commerce which is the abbreviation of electronic commerce is the subset of e-business. It focuses on the online transaction which includes selling of products or service by using computer network, primarily the Internet.
According to the Google dictionary, E-commerce is commercial transactions conducted electronically on the internet. Today, more business owners who use an e-commerce platform
It could be argued that e-commerce is any website that facilitates the concentrate on gain of an item. So for example if you had a 5 page website considering paypal buttons on 2 of the pages for your companys various facilities, it could be argued that you have an e-commerce website, because visitors would be practiced to make an electronic get your hands on. However, I dont think that we can think of that to hand of website as e-commerce,
Our lives today are touched in every way by electronic commerce. Everything from watching movies on Netflix, listening to music on Apple Music or Spotify, or purchasing anything from A to Z on Amazon.com. E-commerce is mentioned daily on the internet. How is E-commerce defined? According to Laudon and Laudon, it is defined as a business transaction on the Web and Internet. The business transaction involves the company and the customer in the form of a digital transaction. This digital transaction occurs through the World Wide Web and the Internet. The transaction involves the customer paying for
E-commerce is when businesses decide to create websites to help promote and sell their products on the Internet. Here are some examples of successful e-commerce businesses.
E-commerce is platform of communication through internet that takes place between companies and their customers (Whiteley, 2000). The e-commerce provides various services such online shopping, online bank and E-enterprise which are also emerging trends on their own. Online shopping is one biggest service of e-commerce which allows consumers to buy, order and view goods and service on online through their gadget, anywhere they are (Dennis et al. 2004; McCormick, 2009). Based on fact that world is connected through internet and the new generation prefer to utilise technology than do things in manual process (going physical retail). .
Organizations conduct transaction on a global scale, and they must adapt to the advances in technology to compete and succeed. E-commerce will provide a platform to promote growth and
Over the years, E-commerce (Electronic Commerce) has brought lot of changes in the business world. It refers to the buying and selling of goods and services without using any paper documents to the customers through electronic medium (investorwords.com, 2016). The E-commerce was introduced on 1970s as a transfer of funds. The development of e-commerce was fast over the countries since 2000. E-commerce is considered to be one of the ways of increasing profits in firms. Small and medium-sized enterprises (SMEs) are determined by staff headcount and either turnover or balance sheet total (Ec.europa.eu, 2016). SMEs have been contributing to the more economic growth and job creation (forbes.com, 2015) .SMEs has experienced significant changes in business when they adapted to e-commerce. This essay will go through the relationship between e-commerce and small-medium sized organization, changes and development E-Commerce has brought to the world of SMEs.
Today, it is hard to find a software that does not have some sort of access to users’ information; going from their name to their credit card information. In fact, with the evolution of technology (most importantly the increase in access to the internet), E-business or E-commerce has been pushed to a new level. Today, customers want to be able to access services at anytime, anywhere. This has led to the development of applications that can be executed on distributed environment or in real time such as Web based applications or a Client server application. Hence, secure software development is not an option but a must that software engineers have to put in practice so that data integrity can be guaranteed to users.