E-commerce - Research Paper Example

E-commerce E-commerce Question E-commerce applications started early in the 70’s with technologies such as the electronic money transfer. However, better technologies have been developed such as consumer-to-business, business-to-business, collaborative commerce, business-to-consumer and consumer-to-consumer to improve e-commerce (Magal, 2012). In Business-to-Business commerce, both buyers and sellers are considered as business organizations. Collaborative commerce or C-commerce is whereby business partners collaborate electronically.

In Business-to-Consumer, the sellers, on the other hand, are the organization, but buyers are treated as individuals. In Consumer-to-Business commerce, consumers publicize products or services and suppliers provide services to them (Magal, 2012). Finally, Consumer-to-Consumer commerce allows an individual to sell services or goods to other individuals over the internet. Question 2Levels of the internet economy comprise of internet infrastructure layer, application infrastructure layer, intermediary marker layer, as well as internet commerce layer, (Kamis, 2011).

The internet infrastructure layer comprises of companies that offer services for creating an IP based network and a prerequisite for E-commerce. The internet application layer builds upon the internet infrastructure layer and makes technology viable to carry out business proceedings online. Internet intermediary layer increases the efficiency of E-markets through facilitating the interaction of sellers and buyers online (Magal, 2012). Finally, the internet commerce level includes the sales of goods over the internet through websites such as E-bay or Amazon among others.

Also, internet economy has created various businesses such as website developers and Server manufactures in order to run businesses online (Kamis, 2011).Question 3Unlike the brick and mortar stores that require a wide variety of staff, e-commerce businesses do not need a bid staff (Kamis, 2011). Hence, the cost of running an e-commerce business is minimal. Also, brick and store businesses have to run only in a certain location, unlike e-commerce businesses. E-commerce businesses do not have to locate a location in order to run their business.

They just need to have a website and everything follows. Even though, setting up a website requires funds, setting up a brick and mortar store requires more funds than an e-commerce business. References Kamis, A. (2011). Beyond computing. E-commerce Enabling Technologies, 4(3), 34-37. Magal, S. (2012). Global trends in e-commerce. Journal of Electronic Commerce Research, 13(3), 10-19.