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…
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…
what e-commerce is and using Amazon.com as an example. As the paper posted on eservglobal.com explains that there are four basic types of e-commerce, and commonly refers to Amazon.com as an example of all the business models. The business models discussed are the Business to Business models and the Business to Consumer model and finally the Consumer to Consumer model. While the Consumer to Business model is listed this paper will not be covering that aspect of e-commerce. The basis of e-commerce…
E-Commerce refers to business over the internet. It is when we use the internet to buy goods; book holidays or even use auction sites, websites such as Amazon, eBay and Buy are all e-commerce sites. E-Commerce includes all types of business activity, such as retail shopping, banking, investing and rentals. E-Commerce involves anything to do with the buying or selling of products or services over the internet. This includes marketing and advertising.
How is choice…
be used interchangeably)
electronic commerce (EC)
The process of buying, selling, or exchanging products, services, or information via computer networks, mostly the internet and intranets.
A broader definition of EC that includes not just the buying and selling of goods and services, but also servicing customers, collaborating with business partners, and conducting electronic transactions within an organization.
Electronic commerce can take several forms depending on the…
Project 2 (E-Commerce Website) 5
Feasibility Study 6
Formulation of the project (LO 1.1) 8
Planning (LO 1.4) 12
Project Gantt Charts 13
From leisure to fantasy, from shopping to studying from education to gaming, internet had its dominance compared to any other form of medium. Internet became the easiest and the cheapest way to reach the global network. He more the internet becomes popular…
VINCY MARY VAVACHAN
• e-commerce means electronic buying and
selling on the internet.
• The Internet --->
- an efficient mechanism for advertising and
distributing product information.
- enabling complete business transactions..
• Symbol of globalization – access entire world
• Many company have taken advantage of the
Web and Ecommerce to reduce cost, improve
revenue, and increase customer services.
VINCY MARY VAVACHAN
• According to Dictionary.com
E-business is the term used to define a business that has a virtual existence on the internet to enable e-commerce. E-commerce can be defined as “the behavior of business among e-enterprises and consumers” where e-business means “a business enterprise with the capability to exchange value (money, goods, services and information) electronically” (Anderson Consulting,1999).
E-business has played an important role in the nature of retailing. John Dawson (1996) suggested that there…
1. Name the six main pieces of the e-commerce site building puzzle.
* Organizational Capabilities
* Hardware Architecture
* Site Design
* Human Resources
2. Define the systems development life cycle and discuss the various step involved in creating an e-commerce site.
* Methodology for understanding business objectives of a system and designing an appropriate solution
1. Systems analysis/planning
2. Systems design…
Electronic commerce, commonly known as e-commerce, is a type of industry where buying and selling of product or service is 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. Modern electronic commerce…
Evolution of E-Commerce
E-commerce has become one of the most prevalent changes in the way we do business today. Businesses, before the creation of the web, were typically at a physical location where customers could come, browse, try-on, and purchase goods and services. Some of the disadvantages of this business model were: customers restricted by location, the need for larger amounts of inventory, larger retail space, and more employees to cover customer-service.
E-commerce began with the…