The internet facilitates open and easy communication throughout the globe, and has made e-commerce possible. The term E-Business is an acronym referring to “Electronic Business,” and its business is conducted with the use of the Internet, Extranet, Intranet and website. In this sense, E-Business is a bit much like E-Commerce, but it’s more than simply selling and buying products or services online.
This article is largely constructed round e-commerce and the manner through which technology is transforming the world of retail. The question is therefore raised as to what has made e-commerce the method we comprehend it at present? In order to answer this question it is a necessity to debate the origins of the Internet.
The influence of e-commerce has affected everything from the value of doing business to the level of service companies are capable of offering to the methods during which marketing occurs. These changes are not going to disappear; if something, the challenge will be to stay a step ahead of the shifting nature of technology in order to take advantage of the power and reach afforded by these new marketing venues.
An e-commerce answer for a business is the incorporation of all aspects of the business operation into an electronic format. Many well-established businesses have been selling on-line for years. For example, Dell Computers Corp., has been selling computers directly to end-users for years. Currently, Dell is selling excessive of 1 million dollars value of computers everyday on the World Wide Web (WWW).
Businesses selling to the general public sometimes via catalogues utilising shopping cart software. The basic model is to sell the product online to consumers. B2C is the indirect trade between the company any consumers and it provides direct selling through online.
One way to measure the affect of e-commerce on the international economy is to realize the way it has affected traditional brick and mortar businesses. There is not any means for conventional brick and mortar businesses to remain out of e-commerce; the business merely is not going to thrive with no web-based component.