Electronic commerce, more commonly abbreviated as e-commerce, is the action of buying and selling products or services through the medium of electronic information systems such as computer networks - the most common of which being the World Wide Web, or internet (Dorogovtsev & Mendes, 2003). A variety of technologies are used to facilitate e-commerce including electronic funds transfer (EFT) which facilitates the electronic exchange of money, online transaction processing (OTP) which handles the data entry and retrieval for transaction processing and electronic data interchange (EDI) which is responsible for processing orders, warehouse stock control and order tracking (Turban, et al., 2009). There are four major types that e-commerce can be separated into. Business-to-Business (B2B) deals solely with business to business transactions, usually between companies (Turban, et al., 2009). An example of such would be a company purchasing business supplies from another company. Business-to-Consumer (B2C) occurs between companies and consumers, and usually involves purchasing physical products but now also commonly involves digital content such as music and e-books (Turban, et al., 2009). Business-to-Government (B2G) refers to commerce between companies and the public sector whilst Consumer-to-Consumer (C2C) is commerce between private individuals for example websites like eBay and Amazon Marketplace (Turban, et al., 2009) – it is expected that this sector of e-commerce has a lot of potential to grow (Mintel, 2013). It is also worth mentioning that Mobile Commerce enables e-commerce capabilities directly into a consumer’s hand via their mobile device, wherever they are, thanks to the advancement of mobile internet and wireless technolog... ... middle of paper ... ... Available at: http://www.ashurst.com/publication-item.aspx?id_Content=5428 [Accessed 28 December 2013]. Shubber, K., 2013. London Man Attempts to Trademark Bitcoin. [Online] Available at: http://www.coindesk.com/london-man-trademark-bitcoin/ [Accessed 29 December 2013]. The Consumer Protection (Distance Selling) Regulations 2000 ((SI 2000/2334)). The Federal Assembly - The Swiss Parliament, 2013. Etablir la sécurité juridique concernant le bitcoin. [Online] Available at: http://www.parlament.ch/e/suche/Pages/geschaefte.aspx?gesch_id=20134070 [Accessed 28 December 2013]. Trade Marks Act 1994 (Ch 26). Turban, E. et al., 2009. Electronic Commerce 2010. 6th ed. New Jersey: Prentice Hall Press. Wu, J.-H. & Wang, S.-C., 2005. What drives mobile commerce?: An empirical evaluation of the revised technology acceptance model. Information & Management, 42(5), pp. 719-729.
Most often m-commerce is understood as mobile e-commerce M-commerce is supposed to enable us to buy everything from anywhere over the Internet without the use of a PC. Internet access and Web browsing is assumed to be the key to extending m-commerce to customers (Harter, 2000). In many ways, m-commerce is the continuation of e-commerce with the palm handheld, wireless laptops and a new generation of Web-enabled digital phones already on the market (Keen, 2001).
Efraim Turban, David King, Jae Lee & Dennis Viehland, Electronic Commerce, 2004, Pearson Education International, New Jersey, Pg.601-Pg.640
The Electronic Commerce, or e-commerce industry, is one of the most conductive sectors of the economy. E- Commerce is an interesting combination of business models and new information technologies as it deals with the buying and selling of goods and services over the Internet. The three major electronic commerce categories are: business –to- consumers (B2C)
Dennis, C., Fenech, T. and Merrilees, B. (2004): “e-Retailing”, Routledge, Taylor and Francis Group, London.
E-business entails use of electronic means for daily business operations. It involves use of internet technologies for business processes, delivery of superior products as well as for reducing business costs. It can be applied in any of the business operations including production, purchasing and sales. (Manuela & Varajao, 2011)
The are two basic categories of business conducted over the internet, Business-to-Customer (B2C) and Business-to-Business (B2B), and they share one common key aspect - use of Internet technologies to manage all aspects of the business.
Electronic commerce, most commonly referred to as e-commerce, is a term used to describe business transactions which involve the transfer of information and goods using the power of the computer networks such as the internet and the World Wide Web. E-commerce is classified into five different categories depending on the relationship among the participants; the most common examples are business-to-business (B2B), business-to-consumer (B2C), or business-to-government (B2G). (Schneider, 2015) E-commerce has evolved drastically over the past years and this has dramatically changed the way businesses are run today. While there have been constraints and barriers which companies such as Amazon have had to be overcome, currently e-commerce is a key
INTRODUCTION We always feel that we are behind the times, whenever we try to stay apace with technology. With the beginning of the new millennium, computers became the international language. Computer today is not only the language of people but also for business. Internet is the tool used by business in term of electronic commerce. In the discussion I will try to state how e-commerce influences business in the new world with the vast growing of the Internet technology. First, I will define what is e-commerce. Then, I am going to highlight some comparison between the traditional and electronic commerce. The benefits and disadvantage of e-commerce will be the following step. At the end of discussion and briefly I will mention e-commence technologies. Then comes the summary where we can find what was covered in the discussion. At last I will try to write the conclusion of this assignment. DISCUSSION Electronic commerce seems to be everywhere in our life today. It is hardly that you open a newspaper or magazine without coming across a subject or an article about e-commerce, but how can we define e-commerce? What is E-Commerce? E-commerce is any commercial transaction done electronically using the computer, through the Internet technologies, such as the World Wide Web. In another words, it is the buying or/and selling of goods or services on the web. Moreover, electronic commerce had included the handling of purchase transactions and funds transfers over computer networks. (Understanding E-Commerce, David, 1997, P.2) Meanwhile electronic commerce is getting stronger than ever. The Internet has given e-commerce a boost. E-commerce is the wave of the future allowing businesses of all sizes to sell their goods online. It is growing along with the Internet too rapidly. E-Commerce brakes all the time and geographical boundaries providing a direct deal with end costumer. This definitely expands the business opportunity to satisfy costumers’ demands for product, service, and information. Electronic commerce doesn’t only include the transaction of traditional commerce, but also generating demand for its goods and services. The definition of electronic commerce is kind of dynamic. As you go deeper into knowing it, you will have better definition and with the time even a new different definition. Traditional Vs. Electronic Commerce Transactions In the traditional business, manufacturers use dealers, distributors, and retailers to represent them. For many years, manufacturers’ representatives believe that the physical presence at the point of sales plays very important roles.
The initial use of the Internet as a business tool was predominantly for marketing purposes, in the form of a public information website. The functions of e-business websites have now become much more complex and elaborate. Companies now use their websites for product support, customer service and retail sales and as a delivery channel for electronic goods and services. Businesses no longer use it for solely Business –to-Customer (BtoC) purposes. It is now widely used for Business-to-Business (BtoB) transactions also, in fact a Gartner e-commerce research group study, estimates that 14% of business to business transactions are currently made electronically, with that number expected to grow to 50% by 2009.
Turban, E., Lee, J., Warketin, M., & Chung, M. (2002). Electronic Commerce: A Managerial Perspective. Prentice Hall.
Business today is inextricably intertwined with technology, from the smallest home office, to a multinational corporation with multiple monolithic legacy application. It is impossible to be in business today without confronting the issues of technology. The way we do business today is different than 30 years ago. Technology has evolved around the areas of telecommunication, travel, stock market, shipping even around our daily lives. E-commerce a system by which people can buy, sell and deal without even seeing the person on the other side has taken a front seat in improving the economy of countries around the world. Technology today has made it possible for monetary institutions to help locate the customers resources and help solve their problems at any given time through online banking. The Internet, a boon to all business, is playing a part of a catalyst; it links millions of customers to its suppliers and vice versa due to this, manufactures are able to cut the role of middlemen and are able to deal with the customers, giving them the ability for direct input from the customers about their choices and views of their product. The busi...
Customer get engaged with e-commerce and m-commerce application with the use of internet which can be accessed through desktop, laptop, tablets, smart phones and PDA. Generally, e-commerce is defined as a monetary transaction conducted using the internet and a desktop or a laptop computer and M-commerce can be defined as a transaction that takes place through wireless internet-enabled technology (through laptops, mobile phones, personal digital assistants (PDAs) and that allows for freedom of movement for the end user (Wei and Ozok, 2005).
Electronic Commerce as popularly as E-commerce has become a big deal in our growing economy due to the increase use of online systems. E-commerce now of the fastest growing business in the world. The technology has change the way of business. Business that have physical location have now made it an effort to focus their online business. It is the new sort of business platform where you can make use of different technologies like electronic data interchange or transfer document electronically. Online business is an effective of sales.
E-business and e-commerce are terms that are sometimes used interchangeably, and sometimes they are used to differentiate one vendor’s product from another. In both cases, the e stands for "electronic networks" and describes the application of electronic network technology - including Internet and electronic data interchange (EDI) - to improve and change business processes (Bartels, 2000)
E-commerce is a trade, selling and buying through the Internet and includes large and small companies are traded in social networking programs or public institutions.