E Commerce Is A Process Of Buying Essay

956 WordsDec 18, 20154 Pages
Future of E-Commerce E-commerce is a process of buying, selling, transferring, or exchanging products, services, and/or information via electronic transactions. These business transactions occur either business-to-business, business-to-consumer, consumer-to-consumer or consumer-to-business. E-Commerce is swiftly growing throughout the years with the development in Internet and innovation. The gigantic development of virtual groups - individuals getting together in ad hoc groups online - guarantees to alter the poise of economic power from the producer to the customer. This report presents the compensations and concerns e-commerce industry would face in the next five years. Recent advancements in the fields of Information Technology and Internet have led to exceptional renewed interest in electronic commerce. According to the writer, Nenehkaran, the definition of e-commerce, in his journal, International Journal of Scientific & Technology research, is given as, “Interaction between communication systems, data management systems and security, which because of them exchange commercial information in relation to the sale products or services, will be available, so the definition, the main components of electronic commerce are: communication systems, data management systems and security” (2013). The factors that will help define the future of e-commerce over the next five years include: • Industry Giants like eBay and Amazon rule the current ecommerce scene, yet later on,
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