e-commerce
Electronic commerce, also known as e-commerce, has developed rapidly in the last few years. In this paper, I will talk about the advantages along with the disadvantages of e-commerce. E-commerce consists of many things. People today are aware of the common phrase 'e-commerce', but there is a lot more to it then they are aware of. "Most people think e-commerce is just about buying and selling things over the Internet" (Wareham, 2000). E-commerce is a broad term describing the electronic exchange of business data between two or more organizations' computers. E-commerce includes buying and selling any item over the Internet, electronic fund transfer, smart cards, and all other methods of conducting business over digital networks. "The primary technological goal of e-commerce is to integrate businesses, government agencies, and contractors into a single community with the ability to communicate with one another across any computer platform" (Edwards, 1998). Putting companies on the Internet to sell products or to organize any type of business has many advantages and disadvantages. With the quick growth of the Internet, many companies are finding new and exciting ways to expand their business opportu
A small company with a better product and better customer service can use these communities to challenge larger competitors--something it probably could not do in the real world" (CommerceNet, 1999). Technology has a place in everyone's day-to-day activities and soon e-commerce will be a major factor in our decisions we make. As one article stated, "The growth of e-commerce will not diminish, it will become such a pervasive influence on how a company works that all functions within an organization will have a stake in their e-commerce strategy" (Wareham, 2000). " (Edwards, 1998)The number one advantage that e-commerce possesses is speed. Increased speeds of communication allow for more efficient delivery times. Yahoo started as a commercial operation in 1995, with a simple list of Web sites to help people navigate the Web. Using the web to provide customer support is an excellent way to help build the reliability and effectiveness of your product or service. Imagine: It took radio more than 30 years to reach 60 million people, and television 15 years. The Internet has changed the face of communications and how business is conducted. Smaller companies have an equal chance to compete with large ones with a lot more money. In fact, a whole series of IBM E-commerce commercials were based on this one single point. You can start doing business on the Internet for as little as $100. Setting up a simple web site can be inexpensive, but if you don't know how to go create one, it may not be so simple.
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