In essence, it is digital transaction of business between either firms, or individuals. It constitutes sharing commercial information and business transactions through the web or internet. It is important to note…
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It could share business information ranging from shipment to invoices. In 1979, Americans came up with a system ASC X 12. It shared business information on the electronic network platforms. In 1980s, institutions and firms used USENET networks and transmission control protocol & internet protocol (TCP/IP). It involved the use of a computer terminal and packet-switched technology to connect modems and internet. Later in 1980s, a computer service firm provided e-mail and chat room services to its clients. In 1990, researchers from European Organization for Nuclear initiated a web-based tool referred to as hypertext that could through a web browser (Marc, 2004, p. 10).
Technological advancement and internet popularity among businesses took center stage in 1994, when HTTP security protocols came operational. It enabled fast and persistent access to the internet. In the year 2000, several business companies in the western world had their representation on the World Wide Web (www). It was a year when business used e-commerce as the purchase and sale of services and goods via the internet. The set back e-commerce encountered was on the fall out of dot-com whereby many businesses vanished on the web. However, other companies and retailers saw the importance of e-commerce and immediately put their presence on the web. By 2005, a large platform of e-commerce in the form of business-to-business and business- to -consumer had a turnover of more than 700 billion dollars (Alan & Steven, 2001).
E-commerce is pivotal in today’s digital world; consumers can get a range of products swiftly and comparing prices at a click of a mouse. Internet provides a platform for consumers without expensive campaign. Internet companies like EBay and Amazon enjoy transactions on the net. Nevertheless, what are the drivers that make e-commerce a success?
To date, companies use e-commerce to lower operating costs and increase revenue in
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Owing to its innumerable advantages, a lot of companies prefer to use E-commerce. It has relieved the business owners of the need to travel to make deals, or meet their customers. There are a lot of people who prefer to use the Internet for shopping for many potential reasons.
With the continuous technological innovations fuelling an expanding range of e-commerce services, the future of e-commerce may well be the standard method of doing business rather than the alternative that it is today. This report discusses the significance and nature of e-commerce, the scope of transactions served by this service, the advantages e-commerce enjoys over traditional commercial transactions, and prospects about the future of e-commerce.
The mixture of traditional marketing and commerce and Internet services creates a new form of marketing: e-marketing and e-commerce, that are the most common marketing tools for compnies these days. This theories were not only analyzed in this essay, but also its modern and future possibilities, operations, effects and issues were compared.
It allows users to buy goods while sitting at the luxury of their home. It provides innumerable benefits to businesses; broadens the customer base, provides products a healthy brand equity, spreads the roots and reach of a company to name a few; which directly have a positive impact on the returns on investment of a company.
As this quote suggests, Internet has been very popular within businesses. Increasing use of the Internet, as well as rapid development of associated technologies is leading to the growth of e-commerce as well. With the popularity of Internet the concept of e-commerce is used by more and more companies today.
commerce so as to have an upper hand evaluating opportunities it may afford, both to competitors and themselves.
The law is catching up with the online world; the progressive migration of business to the Web is forcing reappraisal of intellectual property rights and then protector and clarifying the meaning of intellectual property in a connected world.
Report highlights are as follows:
HTML and XML are both markup languages created for different purposes. This give rise to their similarities and differences. Instead of treating XML as a substitute for HTML, it should be noted that XML was designed to complement HTML.
ut most of the information is provided through the website, the Edmunds.com, the other sources providing information to the visitors include three other books that are published and those are Edmunds.com New Cars & Trucks Buyer's Guide, Edmunds.com Used Cars & Trucks Buyer's Guide and Edmunds.com's Strategies for Smart Car Buyers, Edmunds.com after collecting all the data on vehicles launched its own website in the year 1995, and the success story began.
The major cause of these developments is attributed to the effect of the internet technology. Regardless of how it is being used for, internet is the most relevant factor that has influenced domestic and international markets for