E Commerce And The Internet

1060 Words5 Pages
For this written assignment, I have chosen the topic of e-commerce. The reason e-commerce interests me is I would like to find out how it relates to business in terms of importance, benefits, and influence. E-commerce is relative to my area of study because the goal for my future company will deal with providing services and content to customers via the internet. So what exactly does e-commerce mean? Let’s see how Merriam Webster’s online dictionary defines the word: “e–commerce noun e–com·merce ˈē-ˌkä-(ˌ)mərs Simple Definition of e–commerce • : activities that relate to the buying and selling of goods and services over the Internet Full Definition of e–commerce 1. : commerce conducted via the Internet” (e-commerce, n.d.) Who is…show more content…
That is why a name like Amazon.com pops up in most discussions about ecommerce.” (p.1) I would say Ebay, one of the largest e-commerce sites after Amazon, possibly falls into all the categories of e-commerce. While it it apparent that Ebay fits comfortably into the B2C and C2C e-commerce types, it could also be a B2B type too, as I have seen other independant online companies (some I have dealt business with have been RunCam, HobbyKing and Atomic RC) who also register as sellers on Ebay. Thus businesses could possibly buy/sell from each other via Ebay. Since Ebay is a platform where almost anything can be listed, it could also suit the C2B category as well, for example, if an individual sells their services to a company via Ebay. Now how much exactly, does e-commerce influence the retail market today? The article “Retail Sales Worldwide” (2014) forecasts “When it comes to retail products and services purchased on the internet, ecommerce will account for 5.9% of the total retail market worldwide in 2014, or $1.316 trillion. By 2018, that share will increase significantly to 8.8%, yet retail ecommerce will still account for just a fraction of in-store purchases even as it nears $2.5 trillion by the end of our forecast.” (p.1) Despite the apparently small percentage that e-commerce shares of the retail market. Investopedia writer Tim Begany gives us an example of a brick-and-mortar store chain that has been severely affected from online competition: “Borders Currently
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