The Impact Of Electronic Commerce On The Development Of Electronic- Commerce

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I. ABSTRACT With respect to the fast-growing use of technology and communicative devices, electronic commerce and digital markets has steadily impacted the expansion of information systems, organizations, and society, on a global scale. The discussion of cultural differences as it relates to electronic commerce was identified while analyzing primary factors that markets should take into account. The characteristics and trends of each country examine the utilization of the Internet and electronic commerce. With attempts to compare the United States and other countries, it is revealed that electronic commerce goes beyond files residing on a server, it involves the entirety of infrastructure necessary for transactions, customer services,…show more content…
Electronic commerce is global in nature and the international markets, which represent immense potential on expanding businesses, neglecting cultural differences. III. LITERATURE REVIEW: Electronic Commerce Electronic commerce (or e-commerce) consists of the repurchasing of different services and products, utilized by the internet. This includes business-to-business (B2B), business-to-consumer (B2C), and consumer-to-consumer(C2C) transactions. These transferable activities include, but are not limited to, online retail sales, online bill paying, supplier purchases, and Web-based auctions. Electronic commerce implements and utilizes several different types of technologies including transactions of funds, electronic data interchange, credit cards, and e-mail (Reference for Business, Encyclopedia of Management, 2008). The term e-commerce is often used interchangeably with Electronic business (e-business). E-business refers to the use of digital technology and the Internet to execute the major business processes in the enterprise. E-business includes activities for the internal management of the firm and for coordination with suppliers and other business partners (Laudon, K., 12th ed., p. 55). E-commerce facilitates the growth of online business. It is categorized as follows; Online marketing, online advertising, online sales, product delivery, product
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