E-Commerce

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The world largest computer network is the internet. With the astonishing growth of the Internet nowadays, many companies are finding new ways to expand their business opportunities. One can even say that there¡¯re almost all companies used computers in their everyday business. Thus, E-commerce is emerging as an increasingly important way for businesses to reach potential customers.

Introduction

What exactly is e-commerce? Most casual internet users think that e-commerce is just buying and selling online. Yet this is not the case. Simply put, e-commerce is the electronic exchange of business information between two or more organizations. There are e-commerce conducted between businesses and those that carried out between a business and its consumers. Business-to-business e-commerce take place in electronic data interchange over private networks. Companies that regularly do business together will setup an automated and fast info exchange such as stock deliver and receive confirmation. For business-to-consumer e-commerce, the Web has become the dominant pipeline. It includes buying and selling any item over the Internet, electronic fund transfer, shipment tracking, and all other methods of conducting business over digital networks. Also, there is consumer-to-consumer e-commerce that involves consumers selling products directly to each other using the internet. A good example will be the auction site eBay. Clearly, E-commerce will change the face of business forever. Companies that are thousands of miles away can complete business transactions in a matter of seconds as well as exchange information.

Advantages of E-commerce

The first advantage that e-commerce possesses is the speed. With the Internet, businesses could exchange mes...

... middle of paper ...

...e Internet and e-commerce are here to stay, so businesses can either change with the times, or get left behind. The choice is theirs to make.

References

Bovee, Thill, Mescon, (2005), Excellence in Business, Prentice-Hall, Upper Saddle River, NJ.

What is E-commerce? June 15, 1999 Issue of CIO Enterprise Magazine

http://www.cio.com/archive/enterprise/061599_curve.html

Tanya Candia, IT Security: Take a Walk on the Dark Side, (09/21/2005), www.TechNewsWorld.com Part of the ECT News Network

http://www.ecommercetimes.com/story/46059.html

U.S Census Bureau, Department of commerce ¨C Washington D.C., (AUGUST 19, 2005), QUARTERLY RETAIL E-COMMERCE SALES - 2nd QUARTER 2005

http://www.census.gov/mrts/www/data/html/05Q2.html

Keith Regan, Online Advertising Continues Rapid Growth, (9/27/2005), E-Commerce Times

http://www.ecommercetimes.com/story/46381.html

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