E-Commerce. Retrieved from: http://www.tab.fzk.de/en/projekt/skizze/e-commerce.htm Timmers, P., (2000). Electronic Commerce-Strategies and Models for Business-to-Business Trading. John Wiley & sons. Vladimir, Z., (2001).
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?
Business as we know it is forever changing. Companies are reaching customers all over the world from the World Wide Web? How is this all possible? E-Commerce is the fastest growing way of selling products today. The start of E-Commerce was a benchmark in the history of business.
However, the Internet is just like other information technologies, change management, good implementation practices and clear business objectives are required. At its most developed level, e-business aims to reduce costs and improve efficiencies by integrating business systems and eliminating duplication of effort. The main benefit for all types of e-business, business to business, business to consumer or consumer to consumer, is that the business can be run in a more efficient manor, achieving more with fewer resources and for less cost while benefit your customer. Business is no longer a one for all concept, that concept is being replaced by a consumer economy that is driven by choice. References David, W. and Malone M. “Virtual Corporations.” Forbes, 7 December 1992, p. 102-107.
Online shopping was pioneered by Amazon.com around the year 1999-2000. Amazon.com, founded by Jeff Bezos was the first online bookstore. Following the success of Amazon.com, many other websites started offering online platforms to purchase other goods alongside books (TNN, 2006). The number of people who shop online has been steadily increasing year by year, mostly due to the convenience of shopping from home. According to Nickson, C. (2013) it was estimated that the European e-commerce market was worth 200 billion pounds as of 2011.
'; This means that anyone with access to a credit card number can make a purchase with the ho... ... middle of paper ... ...hat hardware, software, and data resources could be shared conveniently and economically by a wide community of users. Appendix Graph 1 Source: Encyclopedia of Computer Science and Engineering Sources Cited 'Can On-line Banking Replace Conventional Banking? '; Computer World. 1 Jan. 1998: 32- 4. Coleman, Calmetta.
The Internet has created a new world for them, a world where there is more interaction with customers and many financial benefits for the company. E-Commerce is not only advantageous for businesses but it has also made the customer's life better and easier. Instead of having the customer go to the store and buy products, he or she can buy them online and have them delivered to his or her doorstep in the comfort of home without having to take a step outside. In the future this is how buying and selling will be done in the business world. In fact, many companies today, are solely web based such as Amazon.com.
Online banking has increased dramatically with most if not all banks utilizing online banking. In addition, these banks also incorporate the use of applications for devices (tablets, smartphones, etc.) to make online banking simpler and on the go for customers. Selling and buying online is common nowadays. For example, EBay allows almost anyone over 18 to sell and buy goods online.
E-commerce, especially online shopping, is very common nowadays. Most people purchase the products that they are looking for by visiting the online stores. This essay will examine the changes that e-commerce made, the conditions at the time that made e-commerce favorable for the game changer to emerge and the reasons why e-commerce had a lasting impact. E-commerce gives a convenient method for consumers to purchase the products and provide more opportunities for sellers and buyers to have interactions. As the technological network improved rapidly and both sellers and customers could gain the benefits from e-commerce, it became favorable for the game-changer to emerge.
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 . B2C E-Commerce type are promotion to un-trusted stranger and extra effort to get customer and payment information this is the disadvantages.