E-Commerce

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The internet, the world’s largest network, connects households, consumers, businesses, and governments in over 100 countries worldwide. It is growing at a fast pace, and consequently e-commerce is growing as fast, because many operations of e-commerce are conducted over the world wide web. E-commerce is conducting commerce electronically without producing paper. It includes buying and purchasing goods and services electronically, for example through the Internet. Due to scope of possibilities a retailer has to reach new customers and suppliers all over the world, and the time savings due to emails, e-commerce is growing at a very high pace. The article “E-commerce thrives in Canada” indicates that performing business electronically is growing substantially in Canada. According to this article, J.C. Williams Group conducted a survey among 1,312 Canadians who had purchased goods online within six months prior to the survey. Of all Canadians that were questioned, 32% had made five or more purchases online and 68% Canadians had made one to four purchases. This indicates that purchasing goods online is popular among Canadians and selling goods online is very profitable for Canadian companies. Statistics Canada reported that in 2005, e-commerce sales totaled CAD39.2 billion (up by CAD32.7 billion since 2001). The figures include both private and public sector sales over the Internet. Statistics Canada also reports that two years later, in 2007, the e-commerce sales of the private and public sector had already reached an estimated $62.7 billion. This indicates that e-commerce is growing at a very fast pace. Having seen the effect of e-commerce on the revenue, many retailers have created their own websites. In 2005, 42% of retailers... ... middle of paper ... ...merce. (2009). E-Commerce. EBSCOHost, Canada eMarketer Incorporated. (2011). E-commerce thrives in Canada. Retrieved from http://www.ebusinessforum.com/index.asp?layout=rich_story&doc_id=8809&categoryid=&channelid=&search=canada RSA Security LLC. (2010). RSA Online Fraud Report. Retrieved from http://www.rsa.com/solutions/consumer_authentication/intelreport/10763_Online_Fraud_report_0210.pdf Statistics Canada. (2008). Electronic commerce and technology. Retrieved from http://www.statcan.gc.ca/daily-quotidien/080424/dq080424a-eng.htm The Canadian Press. (2010).16 million Canadians on facebook: Report. Retrieved from http://www.theglobeandmail.com/news/technology/personal-tech/16-million-canadians-on-facebook-report/article1589749/ R. Bauerly, (2009). Online auction fraud and EBay. Marketing Management Journal. Western Illinois University, USA (EBSCOHost)

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