Electronic Commerce And E Commerce

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.

Electronic Commerce in short known as E-commerce. E-commerce is the business or commercial transaction which transforms information in internet. E-commerce which is buying or selling any products or services in Online using internet. It is Electronic mediator between the customer and the organization. The main aim of E-commerce is to provide secure transactions for the customer

Amazon wasn’t always the company we’re familiar with. The company, then known as Cadabra, was founded in 1994 by Jeff Bezos, former vice president of the firm D.E. Shaw. Bezos decided to create Amazon after he saw an annual report that noted the 2,300% growth in the web. The internet had existed for years prior, and online businesses had already begun taking root. However, the web was an idea people were still getting used to, and few people recognized its potential. As such, there was plenty of opportunity for online businesses, and Bezos began considering the possibility of selling products on the internet. He concluded that he wanted the top book-selling brand online.

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)

For example, commercial banks began to use electronic funds transfers to speed up payment. In1970’s and 1980’s, e-commerce expanded significantly within the business sector, while governments attempted to improve information exchange and security. Late 1980’s and early 1990’s, online services have been emerged, using first-generation news, email, and chat capabilities. In the year 1995’s, the browser and its key associated with protocol, also known as HTTP, are commercialized, turning the “home page” into an important component of corporate marketing. In late 1990’s, Dot-coms phenomenon began with the use of Web as their primary channel for product distribution, proliferate and challenge established

Amazon.com was founded by Jeffrey Bezos in 1994. The company began as an online bookstore. Mr. Bezos saw the potential of the Internet as a selling platform. In the beginning, the main focus was on selling books. The reason was that there was little to no competition for selling books online. The company eventually moved to music and video, but that market had a few key distributers that could possibly compete. Amazon.com emerged at the perfect time. The late 1990’s gave the company plenty of time to create name recognition. The company’s initial public (IPO) was a huge success. Mr. Bezos’s goal was to raise 50 million dollars in capital, but made 54 million instead. This allowed the company to expand into 160 different markets across the globe.

This study will explain where e-commerce came from and try to shed light on the topic of where e-commerce will be heading.

Online shopping is defined as the act of purchasing products or services over the Internet, according to the Business Dictionary. Online shopping actually began in the 1979s as Michael Aldrich came up with the concept of teleshopping. In 1982, Minitel was created, by using this you were able to use the telephone to buying things, but this was only successful in France. In 1987, Swerg was created by software developers and shareware authors. In 1989 – 1990, Tim Berners-Lee had created the worldwide web as a was created in order to for scientists and universities to share information. (CERN). In 1994, the Secure Socket Layer encryption was put into place in order to make any transactions secure for people. By 2008, the Ecommerce market in the United States had grown seventeen percent from 2007, the total amount of revenue was two hundred and four billion dollars.

1994 Jeff Bezos creates Amazon, an online retailer that sold only books. With time Amazon would transform into the world largest online retailer. Selling a huge variety of products and offering services that include third party selling, cloud computing, e-books and tablets, and publishing, just to name a few. The mission was simple; have the world best customer service. He wanted to be able to offer his customers the lowest prices, convenience, and the best selection. The company is successful now, but the company did not post a profit until 2001.

After a successful IPO, the electronic commercial (E-Commerce) colossus Alibaba boasts a world-class market capital of $231.4 billion according to the FORTUNE magazine [1]. With the huge success of Alibaba’s IPO, E-Commerce is considered as one of the most important and promising business in world. Then what is e-commerce? It is commonly exchanging goods or services via Internet. Today you can get all retail brands via their online presence and even private goods. Moreover, e-Commerce also includes business-to-business (B2B) transactions between manufacturers and suppliers or distributors or other business parties.

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). .

One of the most successful and leading brand which adopted internet as its primary distribution channel is Ebay. It reaped hoard of revenue by employing this strategy. Ebay is an online marketing system which provides producers all around the world with the opportunity to sell the products to the global community. Ebay adopted this strategy because internet itself is the tool which connects the world together creating a global community. It saw the opportunity in the untapped market on the internet and

From the 1990s onwards, e-commerce additionally would include enterprise resource planning systems (ERP), data warehousing and data mining. During 1994 e-commerce started to become more popular. It took almost four years to develop the Digital Subscriber Line (DSL) and security protocols (HTTP) which allowed rapid access to the Internet. One of the major improvement in e-commerce came with the development of Linux which is more open source and reliable and put a tough competition to Microsoft that compelled it develop much better versions of networking. During 2000’s, the meaning of the word e-commerce has gradually changed. People began to call the term "e-commerce" as the process of purchasing goods and services over the Internet using secure connections and e-payment services. At the end of 2001, the largest form of e-commerce, Business-to-Business (B2B) model, had around $700 billion in transactions. Amazon and Ebay are the first Internet companies to allow electronic transactions. Dell is another company which has contributed