E Commerce Vs. Electronic Commerce - 1527 Words

There are plenty of ways to define the definition of E-commerce. For example, according to the Oxford Dictionary, E-commerce or electronic commerce is the commercial transaction that conducted electronically on the Internet. Some people define E-commerce as the processes of buying, selling, or exchanging products, services, and information by using the computer network technology such as the Internet. E-commerce does not only provide the function of buying and selling goods and services online via digital mediums such as Internet, but the function facilitating the entire purchasing and selling processes for both sellers and buyers (JENNEX, AMOROSO and ADELAKUN, 2004). The website INVESTOPEDIA.com stated that E-commerce is one type of the†¦show more content†¦E-commerce has built a nearly perfect market because immediate and people are able to compare the offerings from numerous sellers worldwide. The growth of E-commerce has numerous advantages over the traditional stores o r brick-and-mortar stores, which include greater flexibility, improved market outreach, lower cost structures, faster transactions, broader product lines, greater convenience, and customization (Srinivasan, Anderson and Ponnavolu, 2002). E-commerce provides opportunities to businesses especially in developing countries to access to the global market and reduce the transaction costs, and also helps developing countries to overcome the world economy problems (Lawrence and Tar, 2010). Since E-commerce enables all businesses from anywhere in the world to access to the global market, all people have equally chance to compete with the others. Without E-commerce, it is almost impossible for small-medium enterprises (SMEs) to compete with the large organizations due to the amount of the capitals that makes the larger organizations to hold the advantages over the smaller organizations. E-commerce is involved the use of the information technology (IT) to improve the communications and transa ctions with all of an organization’s stakeholders. E-commerce is also used as a new innovation strategy to raise business competitiveness,Show MoreRelatedHow Has E Commerce Changed The Way The World Operates?1407 Words   |  6 PagesStrickler WRTC 100 Research Paper December 2, 2015 How has E-Commerce changed the way the world operates? Electronic commerce (E-Commerce) is a term for the process of buying, selling, transferring, or exchanging products, services, or information via computer networks, including the Internet. Today, people frequently buy or exchange goods and services internationally; the barrier between countries has been removed. It is true that E-commerce makes people’s lives more convenient; however, it has alsoRead MoreSystem Analysis and Design1287 Words   |  6 Pages6: Structured systems analysis and design (3) Procedure specifications in structured English – examples and cases – decision tables for complex logical specifications – specification oriented design vs procedure oriented design Module 7: Data oriented systems design (3) Entity relationship model – E-R diagrams – relationships cardinality and participation – normalizing relations – various normal forms and their need – some examples of relational data base design. Module 8: Data input methods (3)Read MoreThe Three Major Factors Fueling International Technological Growth1271 Words   |  6 PagesThe Three Major Factors Fueling International Technological Growth According to Matthew and Kleiner (2008) the three major factors fueling international technological growth are the internet, telecommunications, and e-commerce. 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The products are shipped and delivered to my house, and I never have to waste gas to get to a location. Online purchasing, also known as e-commerce, utilizes technology to conduct business. E-commerce is done on websites such as Amazon.com and Ebay.com to sell products. Customer information, such as method of payment (credit card, debit card, checking account information) and shipping address is collected when consumersRead MoreThe Difference Between B2B and B2C Supply Chains1332 Words   |  6 Pages(B2B) According to IndiaWebDevelopers.com (2006), B2B is classified as trading of prearranged messages together with other business associates over classified networks or Internet to make as well as alter business interactions. B2B e-commerce is businesses buying from as well as selling to one another online. Nevertheless, there is more to it than buying. It has progressed to include supply chain management as additional businesses contract out sections of their supply chain to theirRead MoreWhat Is E Commerce?1215 Words   |  5 PagesWhat is E-Commerce? Electronic trade, otherwise called E-Commerce is business exchanges led electronically on the web. E-commerce was presented in the 1960s through an electronic information exchange (EDI) on quality included systems (VAN). Numerous block – and – mortar retailers that were working out of physical structures lost business to online organizations, for example, Amazon, and EBay. Thus, e-commerce has developed throughout the years; organizations from Walmart to little one individualRead MoreIndustry Prospects And Attractiveness : Amazon Prime Service Gaining Subscribers1636 Words   |  7 PagesGoogle Shopping Express has greatly increased the need for locally available inventory. Logistics is a major challenge for online retailers, especially those with geographic breadth of operations (Amazon Analysis Report). Growth In E-Commerce Market The worldwide e-commerce market is expanding quickly as consumers proceed to adjust to Internet for their purchases. The worldwide online retail market was valued at an estimate of $1,316 billion in 2014, and is presume to grow at about 15% and eventuallyRead MoreExample Of Business Net Types949 Words   |  4 PagesAmazon and eBay. Each of these businesses has invested a great deal on the type of business web they need. Even though, they have different business strategies to accomplish their goals they have found an accurate e-commerce business model that works for each of them. Success in e-commerce is a combination of collecting information about goods and service providers (aggregator) combining it with the storage and the transportation of goods (distributor). In other words, knowing your customer needs andRead MoreE-Commerce Research Proposal3067 Words   |  13 PagesHOW WILL TAXES EFFECT E-COMMERCE IN A GLOBAL ECONOMY? ABSTRACT: The rationale behind this research proposal presentation involves the process of E-commerce and Taxation as how the taxes effect e-commerce within the global economy as the Internet Tax Freedom Act, provides ban on the state taxation of Internet transactions and that the legislators are expected to vote on whether to extend the ban or to make it permanent within issues and that the decision will affect e-commerce businesses. This issue