The Internet became popular worldwide around 1994 with the adoption of Mosaic web browser. However, commercial enterprise on the Internet was prohibited by NSF until 1995. By the end of 2000, many European and American business companies offered their services through the World Wide Web. Since then people began to associate a word "ecommerce" with the ability of purchasing goods through the Internet using secure protocols and electronic payment services. E-commerce includes the entire online process of developing, marketing, selling, delivering, servicing and paying for products and services. Modern e-commerce typically uses the World Wide Web at least at one point in the transaction's life-cycle, although it may encompass a wider range of technologies such as mobile devices and telephones. Electronic commerce that takes place between businesses is referred to as business-to-business or B2B. B2B can be open to all interested parties or limited to specific, pre-qualified participants (private electronic market). Electronic commerce that takes place between businesses and consumers, on the other hand, is referred to as business-to-consumer or B2C. This is the type of electronic commerce conducted by companies such as Amazon.com. Online shopping is a form of electronic commerce where the buyer is linked directly to the seller via the internet connection. There is no intermediary service involved. The sale or purchase transactions are completed electronically and interactively in real-time. However in some cases, an intermediary may be present in a sale or purchase transaction, as in the case of a transaction completed on eBay.com. Nowadays developed countries are still the leading participants in the field. Meanwhile, developing countries are increasingly becoming an important force in the global e-commerce market. According to Internet World Stat, 41.2 percent of the Internet users come from Asia, followed by 24.6 percent and 15.7 percent from Europe and North America. Middle East and Africa currently contribute only 6.3 percent of the Internet users. In the period between 2000 and 2008 the Internet usage rate in Asia and Latin America grew by 475 percent and 861 percent respectively. According to the latest news in Economist magazine “America is still top dog, with some 170m punters scouring for bargains on the internet. However, China is not far behind, with 145m online shoppers, and it could become the world’s most valuable e-commerce market within four years.” The Boston Consulting Group (BCG) calculates that every year for the foreseeable future another 30m Chinese will go online to shop for the first time. By 2015 each one of them will spend $1,000 a year—about what an average American is spending online now. BCG calculates that e-commerce could rise from 3.3% of China’s retail sales today to 7.4% by 2015 – a jump that took a decade in America.(4) The biggest obstacle holding back e-commerce for years was the lack of trust. Consumers worried that online firms were illegitimate, or that their credit cards would be abused, or that purchases would get swapped for counterfeits during shipment. Alibaba (China’s dominant ecommerce group) eliminated these difficulties by creating Alipay, a clever online arrangement that—unlike eBay’s system—releases payments to vendors only after clients confirm that they are satisfied.(4) A large Chinese internet company Tencent plans to launch an ecommerce platform that will integrate its online shopping and social networking services on one website. It would invite other online retailers to establish flagship stores on the platform – called QQ Buy – and use Tencent’s various social networking and media tools for marketing. The company also makes money by selling an increasing range of virtual products and services. China’s 10 largest ecommerce websites have a combined user base of only 30m, compared with a total number of 485m internet users in the
and Cons of E-Commerce
“The web is the ultimate customer empowering environment. He or She who clicks the mouse gets to decide everything. It is so easy to go elsewhere; all the competitors in the world are but a mouse click away.” Jacob Nielsen, Designing Web Usability. There are many Pros and Cons when it comes to e- commerce. The use of the internet e commerce has grown drastically in recent years. E commerce is the buying and selling of goods and services on the internet. Even though…
E- COMMERCE AND E- PROCUREMENT
Miss.R.Lavanya1 , A.Balaji Ashok2 , S.Amarnath rao3 ,
1Assistant Professor, 2,3 P.G Student , Department of Management Studies,
Gates Institute of Technology, Gooty, A.P (INDIA)
In this paper, we analyze the potential contribution of the internet and its commercial application…
E-Commerce also known as Electronic Commerce, is defined as any type of business, or commercial transaction that involves the transfer of information across the Internet (networksolutions.com). E-commerce had started well before the internet, staring within the 1960s, corporations started sharing files and facts with each other numerically, the very first sort of e-commerce. With the internet, individuals acquired the capability to order products or services from businesses and each…
P 2.2 Discuss the global impact of e-Commerce on society.
Ans Positive effects of e-commerce on society
* Helpful for disables and aged people
* Time saving
* Information availability
* Helpful for new business
* Jobs for society
* 24 hour service
* Available niche products
* Environment friendly
Negative effects of e-commerce on society
* Increase in crime
midst of Internet revolution with nearly 243 million citizens using the Internet. The rising Internet and Mobile penetration has phenomenally changed the way we communicate and do business. Though, India is second only to China and USA in terms of number of Internet users; E-commerce in countries like China and USA has clocked an annual sales of about 150 billion USD. India is still in the infancy stage with only 9% of its internet users shopping online. According to one study, India e-commerce is expected…
The expanse of Internet advertising offers a solid platform for Electronic Commerce e-commerce) to explode. To give safe shopping transactions connected with instant validation and verification of transactions through credit card E-Commerce has the capacity. E-Commerce is doing business leveraging the technology not only about the technology itself the technology.
A change in technology is followed by usual incorporation of ethical standards into law. New forms of E-Commerce enables new business…
Application Of E-Commerce Principles to Business Markets
With advances in technology and development, E-Commerce has become the best new trading tool of the era which has been accepted by more and more people, that includes individuals to large companies. The types of E-Commerce is numerous, but the most representative of E-Commerce is Business to Business(B2B) and Business to Customer(B2C). In this report, we will focus on the B2B E-Commerce, and explore…
cultural and trade environment of e-commerce in the world and their impact on Amazon’s international marketing mix. Although the overall environment is favorable to the development of Amazon, Amazon needs to continue to adapt to changes in the environment and adjust marketing strategy. And then it will have a long-term development.
The impact of economic environment on Amazon’s international marketing mix
Regional development is uneven in the global e-commerce market. The United States is the earliest…
1a Name and describe four business trends shaping e-commerce today.
There are many different business trends shaping e-commerce today. For one, ecommerce remains the fastest growing form of commerce when compared to physical retain store, services, and entertainment. Another trend is that the online demographics of shoppers broaden to match those of ordinary shoppers. Also, small businesses and entrepreneurs continue to flood through the e-commerce marketplace, often riding on the infrastructures…
categories of e-commerce.
* There are several different E-commerce categories that can include consumer to consumer, business to consumer and business to consumer. Majority of people assume e-commerce is business to consumer category. This is defined as when a company offers a service to a customer, for example buying a CD from the Best Buy website. Business to business e-commerce is the second most sought type of e-commerce. In today day in age a company success is tied into their e-commerce profit…