Intro to E-Commerce:
E-Commerce is the exchange of paperless business between two or more organizations through telecommunications networks such as the internet. E-commerce became very widespread ever since the birth of the internet. ...
Most people think that E-commerce is for e-retailers like www. ... On the other hand, that is just one function of E-commerce. E-commerce is not just limited to buying and selling products over the internet. E-commerce is the foundation to conduct electronic exchange of business data between two or more organizations. For instance, filing your tax online is an example of E-commerce. ... The potential of E-commerce is unlimited.
The History of E-commerce:
The origin of E-commerce was dated back more than 125 years ago when Western Union’s money transfer was conducted by telegraph technology. ... The latest improvement of E-commerce is the internet. ... The internet didn’t have vast strategic influence on commerce until the early 1990’s. As the internet became well known for the most efficiently way to distribute information, E-commerce also became widespread since businesses throughout the world foresee great potential to reach customers. ...
Economic Impact:
E-commerce will impact the world of business forever, the E-commerce enable business to do things that were once thought impossible. E-commerce is the wave of the future, and the traditional modes of business process will soon be replaced by e-commerce. ...
Advantage of E-commerce:
E-commerce is growing and changing at breathtaking speed and within those change brings out innovative advantages for a business to benefit from.
The first advantage of E-commerce offer to a business is speed. ...
The second advantage of E-commerce is the opportunity for a business to save on cost. ...
The third advantage of E-commerce is that the internet has no boundaries. ...
The four advantage of E-commerce is enabling a business to provide exceptional customer service. ... An online-help feature is an extraordinary advantage has and made possible through technological wonders of E-commerce.
The fifth advantage of E-commerce is enabling a business to be more environmental. Given that E-commerce doesn’t require much retail space, warehouse space, and commercial office space, means that energy can be saved. ... )
Disadvantage of E-commerce:
With any type of technology, there are drawbacks. E-commerce is base technology to effective and efficient conduct business transactions, however within those parameters disadvantages arise.
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