E - Commerce Essays

E-commerce Explain what is meant by the term ‘E-commerce’. It is the conducting of business communication and transactions over networks and through computers. As most restrictively defined, electronic commerce is the buying and selling of goods and services, and the transfer of funds, through digital communications. However EC also includes all inter-company and intra-company functions (such as marketing, finance, manufacturing, selling, and negotiation) that enable commerce and use electronic mail, EDI, file transfer, fax, video conferencing, workflow, or interaction with a remote computer. Electronic commerce also includes buying and selling over the Web, electronic funds transfer, smart cards, digital cash (e.g.

EBay Inc is a worldwide online retailer and auction industry that operates a web-based marketplace for all individuals to buy or sell anything online. EBay operates a consumer to consumer (C2C) platform in its business model where it allows individuals to communicate with each other interactively. EBay uses information technology to perform and operate its business model. EBay was very successful in using information technology in its business model as an online retailer. Information technology is a terminology where computers and telecommunication equipments are being used to store, retrieve, and transfer data. Being said, eBay, who operates an online auctioning and retailing industry, uses information technology to achieve its business goal in customer relationship management, communication, data management and also inventory management.

As the owner of an online surfing gear business, you periodically study the customer paths on your site. This week you've noticed a high percentage of customers abandoning their orders at checkout. Outline the possible reasons as well as how you would correct the problem.

In 1991, the internet became available for commercial use, which introduced the possibility for what we now know as electronic commerce, or e-commerce. By 2000, “a great number of business companies in the United States and Western Europe represented their services in the World Wide Web” and it was at this time that the e-commerce that we utilize in today’s business world took shape (e-commerce Land, n.d.). “People began to define the term ecommerce as the process of purchasing of available goods and services over the Internet using secure connections and electronic payment services” (e-commerce Land, n.d.). Through continued growth of the internet, brick and mortar stores came to realize that electronic representation would be an

The suppliers can reduce costs to manage their inventory of goods by using E-commerce because they can automate the inventory management using web-based management systems. This method indirectly can save their operational costs.

The full form of e-commerce is electronic commerce. E-commerce is an advanced technology related with commerce and computer. Commerce solutions are more than just handling the business transactions. To manage, organize and performing these business transactions for various products and services online, then there is a need of computer with an internet connection. In simple words the process of doing business online is E-commerce. Whether it’s buying and selling tangible products, stocks, bonds, services or various household things. E-commerce covers a vast amount of transactions of B2C and B2B on the web through internet. It consists of E-retailing, electronic data interchange (EDI) and electronic fund transfers (EFT). In the electronic world consumers are now able to use internet for the number of reasons such as online banking, research, communication and even for shopping. The

1. Explain how Apple achieved business success through the use of information, information technology, and people.

Electronic commerce, commonly known as e-commerce, consists of the buying and selling of products or services over electronic systems such as the Internet and other computer networks. The amount of trade conducted electronically has grown extraordinarily with widespread Internet usage. (Seybold, 2001)

E-commerce can be traced all the way back to the invention of the first computers in 1950. During the early stages many organizations didn’t have access to electronic data interchange due to it being relatively expense. In order for organizations to attain a competitive advantage, compete within their respective industry, or market, e-commerce needs to be implemented within the core business practice. As stated by Smith (2011), “E-commerce is now being utilized in all facets of business, including manufacturing companies, retail

There are many forms of e-commerce but the most popular ones are known as digital content such as individuals going online to purchase books or clothing. Anything imaginable can be purchase through the internet. Everything from cars to groceries to CDs to clothing to laptops/mobile phones/ accessories, etc. Other things that can be done online are things like online banking, online bill payments, buying stocks, completing wire transfers and transferring funds from bank to bank and account to account. Large companies also do the same transactions but in larger forms. It is just amazing how the e-commerce industry has grown since the 1970s. Now people go without visiting their banks for months together because almost anything can be done online like fund transfer; making a fixed deposit, opening accounts even!

Electronic commerce, commonly known as e-commerce or eCommerce, is a type of industry where the buying and selling of products or services is conducted over electronic systems such as the Internet and other computer networks. Modern electronic 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 e-mail, mobile devices, social media, and telephones as well. Electronic commerce is generally considered to be the sales aspect of e-business. It also consists of the exchange of data to facilitate the financing and payment aspects of business transactions. This is an effective and efficient way of communicating within an organization and one of the most effective and useful ways of conducting business.

E-commerce (Electronic Commerce or EC) is the purchasing and offering of merchandise and administrations, or the transmitting of trusts or information, over an electronic system, principally the Internet. These business exchanges happen either business-to-business, business-to-customer, buyer to-purchaser or shopper to-business. The terms e-trade and e-business are frequently utilized reciprocally. The term e-tail is additionally in some cases utilized as a part of reference to value-based procedures around online retail.

E-commerce is a type of business where individuals, firms and companies engage in business activities over an electronic network mainly internet. It is notable that e-commerce operates in business to consumer, business to business, consumer to business and business to business market segments . The emergence of e-commerce can be attributed to the advent of new technologies, mail order purchasing through a catalog is possible. Currently almost all products and services are offered through e-commerce including financial services. E-commerce has emanated from a number of technologies such as electronic funds transfer, mobile commerce, online transaction processing, internet

In basic terms, it was the opining up of the internet for commercial use in the early 90s that made it possible for individuals to utilize the said internet in the conduction of business transactions. It should however be noted that before this, there was what is referred to as EDI-based ecommerce. Defined as "a kind of teleportation method to transmit business documents from one computer to another," EDI was largely being utilized by large business enterprises back in the 80s (Qin, 2009, p.5). The 90s ushered in a new era of internet-based ecommerce. Internet-based ecommerce as I have pointed out elsewhere in this text was made possible by the opining up of the internet for commercial use. More recently, ecommerce has evolved to e-concept based ecommerce (Qin, 2009, p.5).

Online businesses are those kinds of firms that do not have a physical presence, and their operations are mainly virtually run and controlled. These types of activities are in other words referred to as e-commerce or E-businesses. The management of the businesses, as well as the supervision of the day to day operations of the business, is done virtually. The business does not have physical stores, warehouses or shops. This type of activity utilizes electronic means for the firm transactions as opposed to the traditional brick and mortar setup where the customer and the seller or the service providers did business via face to face interaction.