E-commerce is a term coined to describe electronic trading that takes place over the Internet. ...
E-commerce was birthed somewhere in the early 1970’s in the corporate sector with financial institutions. "B2B" (business-m-business e-commerce) is bigger than "B2C" (business-to-consumer e-commerce). Many individuals are engaging in e-commerce through online auctions on e-Bay. ... In the early 1990’s the Internet became more commercialized and growth in e-commerce exploded. ... (Ratnasingam, 2003)
E-commerce is about financial transactions that take place in a Web site. There are three main categories of e-commerce:
1. Direct Commerce
2. Indirect Commerce
3. Digital Commerce
1. Direct Commerce: refers to financial transactions that are conducted online such as banking transactions or purchase orders. ... An example of direct commerce is purchasing a book online which mail or courier to your house or office delivers. ... Indirect Commerce: refers to a promotional form of e-commerce on the Internet. E-commerce should not be considered completely separate from the established aims and achievements of an organization. ... Indirect commerce is intended to encourage customers to visit an institution, pay an admission fee, or make a voluntary contribution. ... Digital Commerce: refers to purchasing and delivery that take place online. From customer payment to the delivery of services, digital commerce exists only in an electronic medium; this is in the forefront of the information revolution that the Internet continues to hasten. ... (Wilson, 2003)
One of the largest growth areas in e-commerce is the online purchase of news and information. ... Web newspaper sites require significant less capital investment than their print counterparts enabling very small organizations to get into this form of e-commerce.
E-commerce has a huge local, national and international impact on organizations. With the global nature of technology, organizations are now able to access millions of people using the interactive abilities of e-commerce.
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