Electronic commerce is a key element to the success of a small business. Electronic commerce (e-commerce) refers to business activities such as sales and purchase of goods and services made on electronic systems like the Internet and computer networks. Readily available nationally and internationally, e-commerce websites are an effective way for small and medium businesses like retail shops to improve their acquisition of technical information and promotion. “A number of e-business and information technologies were examined in this study, but this analysis focused on the adoption of a company Web site and the use of e-commerce on these sites. A total of 61% of all respondents reported having a Web site and listed their domain name (Adopters). …show more content…
A comparison study Between Egypt and the United States results:” The key finding is that small and medium-sized enterprises can achieve growth in market share and sales that helps them to improve their position in the global market through higher levels of business-to-business e-commerce adoption.” (Elbeltagi et al., 2016, p 2). It does this by appealing to the most reluctant leaders and encouraging them to seize this tremendous opportunity to reach inaccessible markets It meets the requirements of national and international markets as commercial activities are no longer restricted by geographical boundaries. “In a study of Canadian employers, 70% cited increased shares in foreign markets as a key benefit of technology implementation” (Wymer & Regan, 2011, p 65). This implies that e-commerce websites are beneficial for retail shops because anyone can access the global market for the sale and purchase of goods and services. At the same time, restrictions are nonexistent while conducting transactions, since e-commerce allows customers to perform commercial transactions 24 hours a day, even on holidays and weekends. It is a world without borders that is accessible at all times. Also, by translating the e-commerce website in several languages and offering suitable methods for international delivery, retail shops are guaranteed to prosper with millions of potential
Electronic Commerce or e-commerce refers to a wide range of online business activities for products and services(Rosen, 2000). E-commerce (or electronic commerce) is defined as the buying and selling of goods and services conducted over electronic systems such as the Internet and other computer networks. Electronic commerce draws on technologies such as mobile commerce, electronic funds transfer, supply chain management, Internet marketing, online transaction processing, electronic data interchange (EDI), inventory management systems and automated data collection systems. (Anon, n.d.). It also refers to any type of business transaction where the parties interact electronically rather than by physical exchanges or physical contact. (Anon, n.d.)
Over the past few years, the Internet “is fundamentally changing the way companies operate,” to create additional revenue streams and refine the way they do business with existing customers (Ecommerce). E-commerce is crucial to the future success of companies, and those that do not embrace the Internet to conduct its business “will be destroyed by competitors who are leveraging the power of the Internet” (Ecommerce).
Ten years ago, the Internet as we know it hit screens. It was 1995 when Explorer and Netscape emerged as the leading browsers for Internet users. Of course, a lot has changed since the days when it took several minutes to load one Web page. Today, URLs are as common as phone numbers for most businesses.
The e-commerce company’s strategy focus allowed it to differentiate itself by providing better services to its customers. The company put an innovative business model in which customers would try out the company’s services without any cost. As time progressed, the company was able to generate revenue from alternative means. In addition, the company began to generate revenue from an increase in the willingness of its users to pay for additional
The Electronic Commerce, or e-commerce industry, is one of the most conductive sectors of the economy. E- Commerce is an interesting combination of business models and new information technologies as it deals with the buying and selling of goods and services over the Internet. The three major electronic commerce categories are: business –to- consumers (B2C)
Over the past decade, e-commerce has grown significantly due to the rapid globalization. The increased globalization has resulted from tech...
The future of economic competitiveness for most enterprises relies on entrance and active participation in the e-commerce market. An essential problem with e-commerce is that the controls and organization are different for each site. There is no standard way of building t...
Impact of E-commerce on consumer and Small Firms, edited by Zappala, S. and Gray, C.
E-commerce has evolved in three different stages over the years to satisfy communications and business needs. E-commerce is an easy way to purchase and to sell products or services over the internet and other computer networks without any difficulties. The invention, the consolidation, and the reinvention with the social and mobile are the three periods of e-commerce. The study is a description of the three different steps of e-commerce.
The use of the internet and related technologies to encompass every business process that aim to integrate sellers with the consumers and suppliers using the internet is known as E-business. Before to decide to conduct business online is fundamental to know the main advantages and challenges that the company will deal with. The biggest advantage is expanding global reach, which means that the company can have a worldwide presence. The product can be available to customers from all over the world and it provides the opportunity to increase sales and open new markets that could not be reached before. In addition, an online strategy allows the company to be free of costs that are incurred only in physical stores. Besides that, the order process
the most common type of e-commerce is Business to consumer . When the business is a trader, and the consumer is the client this form is used. The business to sell items through its Web site is the most common set up for this type of e-commerce. Usually, these businesses offer a list and an online shopping cart, and the business is able to accept expense through its Web site. The creation is shipped to them directly, or the consumer then has direct access to the service online. Business to Consumer refers to export and promotion export of services goods and goods via the web. where the sales are made generally to the consumers in its place of other businesses this is a business. There are no enormous reserves required for beginning a business is the advantage of this type of e commerce models . Which they are introduced to the customers this is because the different types of e commerce application have seen far more developments of the model based online stores using. can be made use of to develop character sites along with graphics and logos for the retailer to enhance their business is the latest application technology of the internet. Without the requirement of any other hardware or software, the only accuse they will have to pay is their monthly rentals. the consumers can enjoy are that the shopping done over the internet can be quicker and easier with a number of deals accessible by the retailers that some of the other advantages .
In today's competing world, many organizations are rethinking their strategies in terms of the online business and its capabilities and culture. Organizations are taking advantage of the widespread web to buy and sell goods from other companies and recently from individual customers. Exploiting these opportunities of convenience, availability and widespread reach of the web or Internet, many companies such as Amazon have benefited from the use of web successfully.
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.
In this write up the focus is mainly on e-business. It consists of critical discussion and analysis of the impact of adopting e-business orientation. It also contains relevant information on the current state of e-business market.
E-commerce means that the company runs their business online, not like the traditional business way. We have to go the shopping mall or store to get goods that we need, E-Business is the enabling of electronic communication between any two or more participants in a business relationship. It helps companies capture abroad business field, cost saving, and market opportunity. E-commerce is an important factor that is making people’s lives more efficient.