Electronic commerce, also known as e-commerce, has developed rapidly in the last few years. In this paper, I will talk about the advantages along with the disadvantages of e-commerce. E-commerce consists of many things. People today are aware of the common phrase 'e-commerce', but there is a lot more to it then they are aware of. E-commerce is a broad term describing the electronic exchange of business data between two or more organizations' computers. E-commerce includes buying and selling any item over the Internet, electronic fund transfer, smart cards, and all other methods of conducting business over digital networks.
Extended Essay about E-commerce | ThesisLeader
Development of computer technologies and Informational Age have established a strong scientific field called e-commerce. According to the scientific definition , it is a branch of economics which comprises all financial and trade transactions that are executed by networks and all related business processes. Thus, e-commerce includes the following technologies: Electronic Funds Transfer, Electronic Data Interchange, e- marketing , e-trade and e-cash. This subject studies theoretical approach of all these aspects and their practical application in various types of business. These kinds of business based on the e-commerce include online shopping distribution of goods to consumers via websites , business-to-business actions of buying and selling between enterprises , arrangement or taking part in marketplaces that are held online, collecting and using of demographic data by means of web contacts and social networks, marketing for potential or existing customers, online financial exchange and many others.
Essay on E-Commerce: Meaning, Advantages and Disadvantages
Please join StudyMode to read the full document. We hope to be successful in achieving our business goals as stated in our vision and mission statement. Actually we want see our name in every nook and corner of the area through our premium quality stuff, durability that satisfy our present and potential customers and not merely this but a brand loyalty. This actually fits with our business plan as we plan our business Keep alive the dying culture and promote the traditions and values in society considering it as a Cooperate Social Responsibility.
History In the s, the term electronic commerce, referred to electronic data exchange for sending business documents such as purchase orders and voices electronically. Later, with the development of this industry, the term of electronic commerce is used to the business of goods and services via the web. The first electronic commerce created in the USA and some European countries in These types of business are formed with beginner and unprofessional websites and it has been expanded rapidly.