In just a short few years, the internet has revolutionized the fundamental way businesses operate in today's economy. From conducting business internally to conducting business with external partners; both domestic and international, the internet is allowing businesses to introduce new approaches and new models to their operations on every level. Nearly every business today is realizing the potential and importance of business to business and business to consumer exposure via the internet.
Indirectly, one would think that Ecommerce and Ebusiness are similar in definition. Both incorporate the internet in business operations using technology to speed up business processes and both increase efficiency and profitability within the business. However, fundamentally, one is very different from the other. Electronic commerce or "eCommerce" covers the range of on-line business activities for products and services, both business to business and business to consumer, through the internet. Basically eCommerce breaks into two components; online shopping, showing the scope of information and activities that provides the customer with the information they need to conduct business with you and make an informed buying decision, and online purchasing, were the technology infrastructure for the exchange of data and the purchase of a product over the internet is accessible. Online purchasing is a metaphor used in business to business eCommerce for providing customers with an online method of placing an order, .
Submitting a purchase order, or requesting a quote. (Internet, www.readygo.com) Basically put, eCommerce is the online selling component of a web site. An example of eCommerce actions would be when an individual or business reviews information on products or services on the internet; they are carrying out online shopping. While online shopping they may find a product they want to purchase and place it in an online shopping cart.
Introduction to Electronic Commerce What is E-commerce? ... Figure 4 summarises some of the major advantages and disadvantages of e-commerce. ... Impact of E-commerce It is also possible to classify e-commerce by the nature of the transactions involved. ... E-commerce also requires special finance and accounting systems. ... Framework of E-commerce Both Kalakota & Whinston [Kalakota 1997] and Turban et.al. ...
E-commerce has many effects on the suppliers of goods and services. ... But, e-commerce has some disadvantages for suppliers as well. ... E-commerce has some advantages for international trade. ... The government plays the biggest role in e-commerce. ... The government also deals with taxes related to e-commerce. ...
I feel that the potential for e-commerce to change the world of business is still big. ... In other words, the companies have to know all of the things that e-commerce can do for them, train their employees to fully utilize the technology, and sell their customers on the added value of e-commerce. ... However, e-commerce is like all things in life and in business; you get out of it what you put into it. ... In addition, both employees and customers have to be educated on the company's e-commerce resources. ... Today's technology and e-commerce resources are far ahead of many co...
E-commerce and e-biz definitely influence the economy in a very constructive way. ... The effects of e-commerce and e-biz on the people working in industries are both accommodating and obstinate. ... Accountants have the upper hand in e-commerce and e-biz because of their insight into systems and transactions. CA web trust is the accounting professions bid to apply its analytical credibility to e-biz and e-commerce. ... The economy, the people who work in the economy and the accounting industry confirm that e-commerce and e-biz are here to stay. ...
E- Commerce is another name for Electric- Commerce. ... In order to meet the demand made by the Internet users, organizations are now beginning to rely on the e-commerce solutions that help reach and keep customers, open new markets, and condense the business processes. E-Commerce has various advantages for the provider. ... There are also many advantages to E-Commerce for the user. ... Overall, E-Commerce delivers a solution to businesses that will help their clients better interact with their customers, suppliers and partners....
E-Commerce E- Commerce is another name for Electric- Commerce. ... In order to meet the demand made by the Internet users, organizations are now beginning to rely on the e-commerce solutions that help reach and keep customers, open new markets, and condense the business processes. E-Commerce has various advantages for the provider. ... There are also many advantages to E-Commerce for the user. ... Overall, E-Commerce delivers a solution to businesses that will help their clients better interact with their customers, suppliers and partners....
The Internet has lead to the birth and evolution of electronic commerce or E-commerce. ... Once the organization and E-commerce's respective environments are clear it is then possible to understand E-commerce's implications in regards to the fundamental marketing strategies. ... Opportunities in E-commerce are enormous, as present growth and development have proved. ... Various factors make-up the analysis of the consumer when addressing both E-commerce and the more tradition means of commerce. ... The role of the SBU strategy is clear, and is highly relevant to E-commerce issues. ...
There are many advantages and disadvantages when switching to e-commerce. ... When considering adopting e-commerce it is important to realize that your company will not constrained by time or space when people are purchasing your products online. More and more businesses are making the move, and adding the benefits of e-commerce to their company. ... Business-to-business e-commerce as well as customers shopping online can drastically improve a business's profits. ... Overall the benefits definitely outweigh the drawbacks, and I would recommend including e-commerce within the business....
Advertising is definitely the key to success in e-Commerce. ... And they're a big reason why e-commerce continues to thrive despite the Internet meltdown. ... The recent attacks on the World Trade Center and the Pentagon have greatly influenced the market of e-commerce. ... E-commerce is thought of, by some as the best place to buy goods, however, in many cases, this is false. ... The rapid growth of e-Commerce in modern times may lead to the elimination of all jobs currently held by humans. ...
