The technology of today is vastly innovative and beneficial to those who know how to manipulate it. The Internet era is unfolding, anybody can now log on to their computers and take care of their financial business, online in the comfort of their own homes. This is called e-commerce, within the past few years; companies have been excited with the idea of online shopping and connecting with customer's worldwide. This is mainly because of over exaggerated headlines, outrageous market appraisals and so-called "instant billionaires". The hype began in 1994, when the Internet and the World Wide Web gained popularity; companies competed to be the first ones out with convenient online shopping sites, for busy, tech savvy individuals. Online shopping was seen as the future and technology stocks were benefiting from all the positive media that was being reported. Unfortunately, these predictions proved to be incorrect and in the 1999 Christmas season, companies that had invested heavily in creating online shopping sites realized that the everyday consumer still did their shopping in the "real world". Although e-commerce centers itself on selling a company's product, e-biz aids in re-engineering the transactions that run our economy. E-biz helps to bring a business closer together and organize it making it more efficient. E-biz ensures that each business system communicates with one another and shares information; sales data, order entry, billing, shipping and receiving, inventory; and many more all feeding off of one another. It also ensures that if a company's customers and employees want to access this information from anywhere and anytime, they can do so securely. The effect of e-commerce and e-biz on the economy, participants of the economy and the accounting field are proving to be both positive and worth anticipating. .
E-commerce and e-biz definitely influence the economy in a very constructive way.
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 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....
E-commerce is defined simply as electronic business. ... (Lee) E-commerce can be either business to business or business to consumer. ... E-commerce had it's beginnings with a few enterprising businesses. ... So, as such, you can consider EDI business-to-business e-commerce. ... In the last few years M-commerce has been touted as the future of e-commerce. ...
