This essay E-commerce an Introduction has a total of 4282 words and 30 pages.
E-commerce an Introduction
E-commerce an Introduction
In the broadest sense, electronic commerce (e-commerce), is the buying and selling of products and services over the Internet. It has included the handling of purchase transactions and funds transfers over computer networks. According to the Forrester Research Study Sizing Intercompany Commerce, total U.S business-to-business Internet trade in 1998 is $7.7 billion, compared to a total global e-commerce of $21.8 billion, dramatically increasing from $2.5 billion in 1997. By the year 2002, according to the report, there will be $328 billion worth of e-commerce.
Electronic Commerce (e-commerce)
Electronic commerce is the ability to perform transactions involving the exchange or use of goods or services between two or more parties using electronic tools and techniques Some main technologies have made e-commerce viable - WWW, Electronic Data Interchange (EDI), Electronic Funds Transfer (EFT) and E-mail.
EDI is the inter-organisational, computer-to-computer exchange of business documentation in a standard, machine-processable format. EFT was designed to optimise electronic payments with electronically provided remittance information.
Electronic commerce provides the capability of buying and selling products and information via telephone lines, computer networks, and other electronic means. The Internet, the largest network of computer networks, is the medium usually favoured for electronic commerce because it allows an organisation to cut service costs while increasing the speed of service delivery.
Electronic commerce is considered a primary means by which organisations may expand rapidly into high growth emerging markets of the world. This is possible because, firstly as trans-national companies become skilled in their use of the Internet, they will be able to pursue global electronic commerce more efficiently, saving important advertising, communication, and administrative costs. Secondly, the Internet can increase responsiveness by notifying individual customers when new products in their areas of interest become available and by creating customised products and services. Thirdly and finally, trans-national companies using the Internet can increase their knowledge about consumer habits, be able to define trends, and turn consumer statistics into long-term customer relationships.
Electronic Commerce Activities
Electronic commerce endeavours to improve the execution of business transactions over various networks. Transactions are exchanges that occur when one economic entity sells a product or service to another entity. A transaction takes place when a product or service is transferred across a technologically separable interface that links a consumer (buyer) with a producer (seller). When the buyer/seller transactions occur in the electronic marketplace, information is accessed, absorbed, arranged, and sold in different ways. There are four main categories where business transactions take place Business to Business (B2B), Business to Customer (B2C), Business to Administration and Consumer to Administration.
An example in the B2B category would be a company that uses a network for ordering from its suppliers, receiving invoices and making payments. This category of electronic commerce has been well established for several years.
The B2C category largely equates to electronic retailing. This category has expanded greatly with the advent of the World Wide Web. There are now shopping malls all over the Internet offering all manners of consumer goods, from cakes and wine to computers and motor cars.
The business administration category covers all transactions between companies and government organisations. For example, in the USA the details of forthcoming government procurements are publicised over the Internet and companies can respond electronically. Currently this category is in its infancy, but it could expand quite rapidly as governments use their own operations to promote awareness and growth of electronic commerce. In addition to public procurement, administrations may also offer the option of electronic interchange for such transactions as VAT returns and the payment of corporate taxes.
The consumer administration category is just emerging, in the wake of a growth of both the business consumer and business administration categories; governments may extend electronic interaction to such areas as welfare payments and self-assessed tax returns.
B2B e-commerce was born out of an attempt to solve an administrative problem. It developed a new computer standard to handle these needs, which became known as EDI, Electronic Data Interchange. Today its descendant, XML, a lighter, simpler data interchange standard is used by B2B sites. Simple e-commerce sites first appeared in 1992. The early e-commerce sites were virtual catalogues, simply listing products for sale. Ordering was off-line, through e-mail, phone or fax. By 1996
Company Insights on BPCompany Insights on BP On August 30, we all chose 5 stocks to evaluate before purchasing. At this time I chose BP AMOCO, Microsoft, Western Digital, Toys-R-Us, and Fortune Financial Incorporated. After a few weeks of tracking these stocks, I chose to keep BP AMOCO, Microsoft, and Western Digital, because the stocks were relatively stable and most of them were on the rise at this time. As you are aware, we were given $30,000.00 to invest in our three chosen stocks, which breaks down to $10,000.00
How To Start A Web BusinessHow To Start A Web Business How To Start A Web Business By: 1 of 3 How To Start A Web Business One of the most popular Internet myths claim that building an online store is easy: All the customer has to do is point, click, and buy. But in reality, successful e-commerce is far more complex and unlike any other web site project you have tackled in the past. Before that first cyber buck finds it’s way into your bank account, you need to do considerable research and planning. To get started you can
Kao CorporationKao Corporation Executive Summary In this project, I have chosen the Fast Moving Consumer Product industry as the topic of study. First of all we will take a brief look at how the industry started in the late 19th century as soap making companies and slowly evolving into some of the most successful multidomestic company of today. Following we will have insight on the industry’s prominent characteristics and highlight some of the major players. We will also get an idea of the attractiveness of th
Database IntegrationDatabase Integration 1. System Architektur Folgende Tools werden von uns für verwendet, die es uns erlauben unseren Partnern eine sichere E-commerce Lösung anzubieten. Apache Web Server Mod_SSL – Ein Modul für SSL (Secure Socket Layers) OpenSSL – Open Source Toolkit (benötigt für Mod_SSL) MySQL – Ein SQL Datenbank-Server PHP4/Zend – Eine Server Sided Scripting Language Diagramm 1; System Architektur 2. Datenbank Integration Um den Kunden online Preisvergleiche anbieten zu können, müssen wir unse
Electronic CommerceElectronic Commerce Introduction: As the internet grows in popularity every day, so too does electronic commerce. Electronic commerce, simply put, is the exchange of money for goods and services via electronic means. In other words, electronic commerce is usually when you purchase something off of the internet. Electronic commerce is often referred to as e-commerce, or e-business. In this paper I will be discussing the technical side of e-commerce, security, different points of view regarding e-
Security On The WebSecurity On The Web Security on the Web, By Sina How do you secure something that is changing faster than you can fix it? The Internet has had security problems since it’s earliest days as a pure research project. Today, after several years and orders of magnitude of growth, it still has security problems. The Internet is being used for a purpose for which it had never intended to be used for. It is somewhat ironic that the early Internet was design as a prototype for a high-availability command
The Case of the Lost and Found “Devastator”The Case of the Lost and Found “Devastator” A Group Project Fundamentals of Business Law Unit 5 May 24, 2004 The Case of the Lost and Found “Devastator” Background In 1943, During World War II, a Navy TBD-1 Devastator crashed eight miles off the coast of Florida. The entire crew survived and there is no indication that any efforts were made to locate the plane by the Navy. Collector Doug Champlin, the owner of an airplane museum in Arizona spent approximately $130,000.00 to recover the plane. Th
Are We Segregating Ourselves?Are We Segregating Ourselves? 1 March 3, 2004 WR115 Argumentative-Rough Draft In the past ten years the internet has opened up a world one could have never imagined. It has made the inconvenience of everyday life convenient, especially for the physically handicapped, remotely secluded, and those with hectic schedules. People can do just about anything on the internet today. However there are some people who believe that the internet, especially E-Commerce (internet shopping) is eroding personal
RecommendationsRecommendations Andrea Jung has done an exceptional job of identifying the problems of Avon Products, Inc, developing a strategic vision, and outlining a plan to clearly communicate and meet the goals and objectives of the vision. She undoubtedly recognized the various areas within the company that were in dire need of improvement, in order to boost the success of the company. There are seven major aspects of Andrea Jung’s strategic execution and their business results presented within the case.
Primus Securities Website Simulation Primus Securities Website Simulation EBUS 500.1 e-Business Principles and Practices July 21, 2004 Abstract Primus Securities is a full service brokerage firm serving approximately 7,000 clients. In order to increase the number of clients being served Primus by further developing the website that was created nearly a year ago. By developing and maintaining a website, Primus Securities will need to evaluate customer needs, technology needed, markets strategies, and operational costs. Another impo
The Chicagotribune.com case The Chicagotribune.com case 4/4/04 Business Policy What is chicagotribunes.com’s business model? Does its business model seem well matched to industry conditions and the Tribune Company’s resource strengths and competitive strengths? Is the business model capable of earning a respectable profits? The business model for the Chicagotribune.com is a great one in fact it has made them an innovator in the internet news industry. They do this by always staying on top of the ever-changing internet com
Dell – New Horizons Dell – New Horizons I Introduction and scope of work............................................................................................. 3 I.1 Introduction................................................................................................................... 3 I.2 Scope of Work.............................................................................................................. 3 II Marketing mix.......................................................................
E-CommerceE-Commerce Marketing Strategy and E-Commerce Introduction With the rapidly advancing technologies that are occurring in modern business, organisations are required to be ready, and able to adapt within their ever-changing environment. It is true across all diverse industries that in order to stay competitive, organisations must be able to utilise the various tools that technology has to offer. Technological factors have been of growing importance, particularly in recent years. A major factor inv
E-commerce an IntroductionE-commerce an Introduction E-commerce an Introduction In the broadest sense, electronic commerce (e-commerce), is the buying and selling of products and services over the Internet. It has included the handling of purchase transactions and funds transfers over computer networks. According to the Forrester Research Study Sizing Intercompany Commerce, total U.S business-to-business Internet trade in 1998 is $7.7 billion, compared to a total global e-commerce of $21.8 billion, dramatically increasin
General Motors Case AnalysisGeneral Motors Case Analysis RUNNING HEAD: General Motors Case Analysis General Motors: Cadillac Case Analysis Situation Analysis In 1986, Lloya Reuss, who was the Executive Vice President of all North America car operations for General Motor (GM), set new goals for GM to achieve because the task before Reuss was an ominous one. In 1959, when Reuss joined General Motors, GM and Cadillac had huge changed. Also, during that time, the U.S. auto market belonged to the three domestic producers (GM, F
How the Internet has helped business’s to grow How the Internet has helped business’s to grow The Internet has help business’s grow in many ways. The one major thing that has help business’s grow is e-commerce. The number one advantage that e-commerce possesses is speed. The Internet and World Wide Web give businesses opportunities to exchange messages or complete transactions almost instantaneously. Even with the slowest connections, doing business electronically is much faster than traditional modes. With increased speeds of communication
PromotionPromotion Promotional tools Every company should use a promotion to introduce their product and service. According to a promotion that is very important before selling a new product and service in making the profit from the business. Levis and Lee Company are using the promotion to attract and remind their customers to buy their product and service. A company would spend more money in promotion but they could through a promotion to show their main product and all situations about processing of m
Internet marketing 1 Internet marketing 1 Internet Marketing 1.0) Introduction Today we are standing on a break of the revolution. All the things we did yesterday will change. Last century was marked by television becouse it can bring to us a pice of the world. Today, we can go there and get that pice by our selfe. The internet made the world smaller and it is going to get even smaller when we started to use internet as much as possible. Internet is a fast growing media and it is just the metter of time when we all
CUFM MIDTERM Spring 2004 OnlineCUFM MIDTERM Spring 2004 Online This exam is short answer/essay. Please answer each question to the best of your ability. Feel free to use the book. When you are done, return via email or email attachment. Chapter I Why, for the major industrial powers, are knowledge and information key ingredients for creating wealth? In today’s world, knowledge and information are very important if you want to make it to the top. For major industrial powers, these key ingredients are a necessity. It’s a fast p
The Elements of CommerceThe Elements of Commerce When you get down to the actual elements of commerce and commercial transactions, things get slightly more complicated because you have to deal with the details. However, these details boil down to a finite number of steps. The following list highlights all of the elements of a typical commerce activity. In this case, the activity is the sale of some product by a retailer to a customer: o If you would like to sell something to a customer, at the very core of the matter i
E-commerceE-commerce Q: What measures are the government bringing in to boost e-commerce? A: E-commerce is absolutely essential to the growth of our economy and that is very strongly recognised by the government and very strongly recognised by both the Treasury and by the Department of Trade and Industry. The DTI published a competitiveness White Paper which was full of measures as far as e-commerce was concerned. We do take the point that e-commerce is going to change the way we do business which is why
Retailing Strategies of The Limited Inc.Retailing Strategies of The Limited Inc. Retailing Management Dr. Heiens AMKT 551 Jason Myers Table of Contents Introduction ………………………………………………………… 3 Products and Target Markets ………………………………………. 5 Growth Objectives ………………………………………………… 8 Competition ………………………………………………………. 8 Site Location ……………………………………………………… 9 Marketing and Promotion …………………………………………. 10 A.Introduction The Limited, Inc. is an international company committed to building a family of the world\'s best fashion brands that will maxim
Philippine Business EnvironmentPhilippine Business Environment The countries that will achieve steady and economic growth in the 21st century are those that go with the tide . An economic manager must look into his resources and not on what other countries have. The Philippines is rich with natural resources , raw material and especially manpower. That\'s why when we made a move to improve our economic condition , The Sick Man of Asia was renamed as the New Tiger Cub of Asia. A name signaling other countries that a new thr