E-commerce
Electronic commerce or it’s known as E-commerce is the actions of buying and selling over the internet websites. It has increased and grown rapidly since the internet became popular. Since the internet is the largest network and the internet users are growing and increasing really fast lately all around the world, it has helped and eased people on doing their transactions such as: paying bills, buying and selling products and getting services whenever they want. A wide variety of commerce is conducted in this way, spurring and drawing on innovations in electronic funds transfer, supply chain management, Internet marketing, online transaction processing, electronic data interchange (EDI), inventory management systems, and automated data collection systems. E-commerce is promising as an increasingly important way for businesses to reach potential customer’s goals. This paper will discuss what exactly E-commerce is, and mention some of the advantages and disadvantages.
If you ask about E-commerce most people will tell you it is the buying and selling online but actually it is really the case. If this was the case, E-commerce will not be popular as it is nowadays. E-commerce is simply the electronic exchange of business information (BI) between two or more parties and organizations. E-commerce is generally performed between businesses or known as Business-to-Business (B2B) and those that carried out between a business and its consumers or Business-to-consumer (B2C). B2B E-commerce takes place in electronic data exchange over private networks. Most organizations which have regular transaction will setup an automated and pretty fast information exchange. For B2C E-commerce, the Website has become the main medium; it includes many actions such as: buying and s ...