Electronic commerce, more commonly abbreviated as e-commerce, is the action of buying and selling products or services through the medium of electronic information systems such as computer networks - the most common of which being the World Wide Web, or internet (Dorogovtsev & Mendes, 2003). A variety of technologies are used to facilitate e-commerce including electronic funds transfer (EFT) which facilitates the electronic exchange of money, online transaction processing (OTP) which handles the data entry and retrieval for transaction processing and electronic data interchange (EDI) which is responsible for processing orders, warehouse stock control and order tracking (Turban, et al., 2009). There are four major types that e-commerce can be separated into. Business-to-Business (B2B) deals solely with business to business transactions, usually between companies (Turban, et al., 2009). An example of such would be a company purchasing business supplies from another company. Business-to-Consumer (B2C) occurs between companies and consumers, and usually involves purchasing physical products but now also commonly involves digital content such as music and e-books (Turban, et al., 2009). Business-to-Government (B2G) refers to commerce between companies and the public sector whilst Consumer-to-Consumer (C2C) is commerce between private individuals for example websites like eBay and Amazon Marketplace (Turban, et al., 2009) – it is expected that this sector of e-commerce has a lot of potential to grow (Mintel, 2013). It is also worth mentioning that Mobile Commerce enables e-commerce capabilities directly into a consumer’s hand via their mobile device, wherever they are, thanks to the advancement of mobile internet and wireless technolog... ... middle of paper ... ... Available at: http://www.ashurst.com/publication-item.aspx?id_Content=5428 [Accessed 28 December 2013]. Shubber, K., 2013. London Man Attempts to Trademark Bitcoin. [Online] Available at: http://www.coindesk.com/london-man-trademark-bitcoin/ [Accessed 29 December 2013]. The Consumer Protection (Distance Selling) Regulations 2000 ((SI 2000/2334)). The Federal Assembly - The Swiss Parliament, 2013. Etablir la sécurité juridique concernant le bitcoin. [Online] Available at: http://www.parlament.ch/e/suche/Pages/geschaefte.aspx?gesch_id=20134070 [Accessed 28 December 2013]. Trade Marks Act 1994 (Ch 26). Turban, E. et al., 2009. Electronic Commerce 2010. 6th ed. New Jersey: Prentice Hall Press. Wu, J.-H. & Wang, S.-C., 2005. What drives mobile commerce?: An empirical evaluation of the revised technology acceptance model. Information & Management, 42(5), pp. 719-729.
7.Gregory Wester, Stephen Franco. The Internet Shakeout 1996. Interactive Commerce Research Bulletin. the Yankee Group, Boston, MA. December 1995
E-commerce Law Report. 4(4), pp23-24.
In two distinct e-commerce business types, Business-to-business (B2B) and Business-to-Consumer (B2C), there are many differences in the way they operate. Specifically in marketing, differences include how the marketing is driven and the values of the strategies, the size of the target market and length of the sales cycle, and even the buying patterns of the target consumers. Each of these differences will be better defined and explained in the following paragraphs.
Schneider, G. (2009). BUS 107 Electronic Commerce (8th edition) Course Technology, Cengage Learning, Strayer University
E-business entails use of electronic means for daily business operations. It involves use of internet technologies for business processes, delivery of superior products as well as for reducing business costs. It can be applied in any of the business operations including production, purchasing and sales. (Manuela & Varajao, 2011)
E-commerce, a system by which people can buy, sell and deal without even seeing the person on the other side, has taken a front seat in improving the economy of countries around the world. Technology today has made it possible for monetary institutions to help locate the customers resources and help solve their problems at any given time through online banking.... ... middle of paper ... ...
From PayPal to Debit cards, from EFT to Credit cards, this modern world has been inundated with new ways of making business transactions. Instead of the conventional use of dollars and nickels, now there are electronic payment systems. These types of systems allow for better trust and acceptance between consumer and businesses. In the traditional way of buying a product, one would see a product in person, and pay for it with cash or credit. In e-commerce, the business uploads images of its products online and it enables its customers to shop it using any type of electronic payment system.
would like to put you in a situation and show you how a consumer can
Customer get engaged with e-commerce and m-commerce application with the use of internet which can be accessed through desktop, laptop, tablets, smart phones and PDA. Generally, e-commerce is defined as a monetary transaction conducted using the internet and a desktop or a laptop computer and M-commerce can be defined as a transaction that takes place through wireless internet-enabled technology (through laptops, mobile phones, personal digital assistants (PDAs) and that allows for freedom of movement for the end user (Wei and Ozok, 2005).
Shin, N. (2001). Strategies for Competitive Advantage in Electronic Commerce. Journal of Electronic Commerce Research, 2 (4), pp. 164-171.
Electronic Commerce as popularly as E-commerce has become a big deal in our growing economy due to the increase use of online systems. E-commerce now of the fastest growing business in the world. The technology has change the way of business. Business that have physical location have now made it an effort to focus their online business. It is the new sort of business platform where you can make use of different technologies like electronic data interchange or transfer document electronically. Online business is an effective of sales.
E-business and e-commerce are terms that are sometimes used interchangeably, and sometimes they are used to differentiate one vendor’s product from another. In both cases, the e stands for "electronic networks" and describes the application of electronic network technology - including Internet and electronic data interchange (EDI) - to improve and change business processes (Bartels, 2000)
The are two basic categories of business conducted over the internet, Business-to-Customer (B2C) and Business-to-Business (B2B), and they share one common key aspect - use of Internet technologies to manage all aspects of the business.
E-commerce is a trade, selling and buying through the Internet and includes large and small companies are traded in social networking programs or public institutions.
Stead, B. A., & Gilbert, J. (2001). Ethical issues in electronic commerce. Journal of Business Ethics, 34, 75-85.