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.
Moreover, electronic commerce had included the handling of purchase transactions and funds transfers over computer networks. (Understanding E-Commerce, David, 1997, P.2) Meanwhile electronic commerce is getting stronger than ever. The Internet has given e-commerce a boost. E-commerce is the wave of the future allowing businesses of all sizes to sell their goods online. It is growing along with the Internet too rapidly.
A new electronic economy flux is underway which targets all the assorted trends with this new networking technology. It is deeply effecting how the business is managed and organized globally. E-commerce includes marketing and selling etc of products over the Internet. With the increase in use of credit cards and online payment services, this trend too has benefitted significant strength over the time. The concept of business over the Internet is popularly known as E-commerce.
Before individuals had access to ... ... middle of paper ... ...se. The internet has become such an important portal to receive and send out information to one another. I strongly believe that the modernization of the internet is the future to mass communication. In conclusion, the world of mass communication is a world that is always modernizing and growing. New ways of communicating are always coming into play and being invented every single day.
As digital world is broadening its base in every business which has transformed the role of supply chain management over the years. E-business has changed all the rules and models of supply chain. Organization's ability to adapt new technology is the key to increase its productivity. In this report, we will learn how supply chains are merging with e-business, and how this has created immense opportunities to the supply chain management. Structures of supply chains have changed a lot and the performance of these supply chains are wholly dependent upon how they adapt and use e-business technology and innovation.
Virtues and Technology Modern technology played a huge role in transforming the daily life of plenty of people in the developed world. Currently, Smartphones, Internet, and social media are noticeably responsible about setting methods to modify production, connecting people, and assisting them in building their self-representation. Our digital information and online profiles in social media may be the official representatives of our social status and capital. For instance, throughout their databases, the big new technology producers such as Apple and Google were capable of defining many habits of users as a result of an existing consumer culture. Also, the dependence of modern economy on online stores and banking has made the online world an essential aspect that the economy consists of.
This means of commerce can involve business-to-business and business-to-consumer transactions. Generally, revenue from e-tailing transactions is derived from various sources such as the sale of goods and services, through online advertising, and through subscriptions to a website. As a new concept in the virtual workplace, e-tailing requires businesses to design traditional business models to the ever-changing face of the Internet and online user... ... middle of paper ... ... pace. Just follow the link below to sign up for internationally recognized convenient education for career advancement!” Conclusion: Since electronic retailing or e-tailing has become a global bazaar and non-store form of retailing, it has considerable attention in the recent past. Retailers using this communication model in the virtual workplace have designed various strategic measures across different communication mediums to attract new customers and promote customer loyalty.
Technology today has become a vital component of the society; all societal interactions are embracing technology very rapidly. In the field of business, technology is revolutionizing how people interact and conduct business. At the moment, the internet is making it possible for people to transact over the internet media, enabling them improve business efficiency and effectiveness greatly. While such trends emerge laws and legal regulations relating to conducting business over through the cyber space are also evolving, just as rapidly. Arguing on the parallel, legal trends and issues pertaining to the use of e-contracts and e-signatures in carrying out business today will be the focus.
Electronic Commerce (E-Commerce) and the Global Economy Introduction The world we live in today, revolves around technology, new innovations and constant change. The global economy incorporates these changes into its daily applications forming a technological driven world where businesses thrive on information and competitive markets. Computers and communication networks have planted a seed in this information age where enterprises flourish forming revolutionized market economies. One of the most profound changes emerging in the world of business today is the introduction and use of Electronic Commerce or EC. The impact of EC on customer services as well on businesses is dramatic enough to affect any and every organization.
The computer has introduced the world to the internet. The internet has brought us into a new age of development. Through computer technology and internet development, business are rapidly developing and at the same speed changing. The introduction of computers has given business an interesting upper hand by supplying companies with endlessly amounts of information. The Computer age, also known as, the Information age developed an environment of free flowing information.