The Effects Of E Commerce On Global Trade

E-commerce is short for electronic commerce and refers to purchasing and selling items and services on the Internet via a website. Otherwise called an online store, an E-Commerce website has features that make it easy for customers to browse for items to purchase.

Electronic Commerce in short known as E-commerce. E-commerce is the business or commercial transaction which transforms information in internet. E-commerce which is buying or selling any products or services in Online using internet. It is Electronic mediator between the customer and the organization. The main aim of E-commerce is to provide secure transactions for the customer

I am choosing to do my Business Analysis paper on e-commerce. I will explain the importance of it as well as the effects on the global economy. I will discuss the advantages of telecommunications and information technologies in a business versus those businesses without e-commerce. I will also discuss the marketing strategies involved with e-commerce and how it helps businesses. Due to the global nature of internet business, electronic commerce (e-commerce) standards have become a priority on the national and international level. While most traditional businesses are subject to local, state, and national

Electronic commerce has been there for a long time now, and it is a practice that is practiced by peoples from Germany, France, and the US on a daily basis. Since its inception around 40 years ago, e-commerce has continued to grow as innovations, technologies and a lot of business reverting to the use of the e-commerce. The aspect of buying and selling of goods in the early 1960s was sluggish with the traditional way of mailing of documents being replaced with the Electronic Data Interchange (EDI), which would later pave a way to the electronic commerce. After the e-commerce, however, the practice was not more reliable as it still had many challenges (Tsolis, 2009). For instance, it was not easy for buyers to see products from the comfort of their homes and more so, the methods of accessing the information were limited.

E-commerce is a product that has been available since the early 90’s. It is something that people are familiar with. A product that is now part and parcel of people’s lives.

The growth, integration, and sophistication of ICT are changing our society and economy. The emergence of the Internet as a general communication channel has opened the opportunity for e-Commerce to expand worldwide. E-Commerce is now viewed by researchers and practitioners as providing the future direction in which organizations must move. Diffusion of the Internet has led to significant shifts in the methodology of operating business globally. Therefore, it is both an interesting and challenging issue to address, explore, and conceptualize proliferation of e-Commerce and also adoption and cultural resistance and evolution for global consumers.

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.

This is the age of the Internet and uses for this technology are expanding everyday. Some of the major newer uses include social networking, public broadcasting, global commerce, etc. E-commerce has become the way business is being transacted in the global economy. Most businesses are using enterprises software (SAP, Oracle, etc.) to manage their business and data mining to become more strategic in order to increase the profits of their companies. Amazon.com is using sophisticated analytics applications. Amazon pioneered business analytics to become the leader of retail industry in the world. Another example of a major online retailer is TaoBao.com in China. It dominates the online retail industry in China and claims more than eight

What is more, the digital modes of advertising and selling give consumers an opportunity to access all the information they require with regards to an individual product and provide instant feedback to the sellers. Such information may include price comparison, checking product reviews by other consumers globally. What is more, the internet has reduced the cost and time of doing business globally. More fascinating is the ease with which people have quickly have migrated to the conventional ways of advertising and adapted to the new methods of doing business (Korgaonkar and Wolin, 2002). Since consumers determine directly what they want to view on the internet, a majority of companies today have adopted digital marketing as an integral part of their

Internets technology developments allow the world global trade an outstanding role, gave a chance to industries and trade system actively reached all over the world and helped the global trade system where it belongs today. This development is allowed world societies to have had ‘a great

E-commerce is the buying and selling of products or services over electronic systems such as the Internet and other computer networks. E-commerce uses the World Wide Web at one point in the transaction's life-cycle, although it may include a wider range of technologies such as e-mail, mobile devices and telephones.

The Internet has undergone a revolutionary reform in industry, changing the manufacturing sector and trading methods in China. It has brought new opportunities and challenges to traditional physical industries. Digital electronic products have accelerated the popularity of the network and changed consumer behaviour. According to Statista - The Statistics Portal the Penetration rate of online shopping in China from 2006 to 2016 was rising every year, the statistic shows around 28.1 percent of internet users in China had consumed online and in 2016 it reached around 63.8 percent. The Internet connects people to the market while increasing the demands of consumers. However, Traditional physical industries face a reduced number of consumers,

Manzoor and Amir defined E-commerce as the buying and selling of goods and services via electronic means such as the internet. The e-commerce is generally efficient due to its availability throughout where the buyers meet the sellers online. Some services rendered to customers via e-commerce service include: automated data collection systems, mobile commerce, supply chain management, electronic data interchange, online transaction processing, electronic funds transfer, internet marketing. This service is more dependent on the Worldwide Web for its transactions apart from the technologies like the social media, mobile devices telephones and e-mails. E-commerce generally called electronic commerce is an aspect of e-business which encompasses the exchange of data to enhance payment and financing transactions related to business activities. (378)

E-commerce became very popular in this busy world. Our motto is to sell groceries and vegetables online. People are becoming very busy and there is necessary to have one shopping site with such facilities. It makes things easy for both sellers and customers. The main concept involved in this application is that customers can shop virtually using internet and allows them to buy them. Products like eggs, vegetables and other groceries are present in store. It makes more convenient to civilians and transparency is maintained throughout the system. If users are not existing members they can register into the website using their personal information. These credentials make them members and allows them to see various products available and their

E-Commerce: E-commerce is the usage of computers to look after trade. It has following two components: