E-Commerce
Electronic Commerce (E-Commerce) is essentially the buying and selling of goods and services using the Internet, and is revolutionizing the way business is being conducted. The most common form E-Commerce takes, and the one most people are familiar with is online shopping. Creating a "virtual store front" gives businesses access to global markets, and allows the opportunity for small businesses to compete with larger rivals on a more level playing field. E-commerce encompasses the entire sales process - marketing, the actual sales transaction, supplier relationships and customer support. The ability to offer goods and services over the Web has had a remarkable impact on consumers and many industries. "No aspect of Internet technology has attracted more attention than e-commerce. The ability to offer goods and services over the Web has had a remarkable impact on a wide number of industries. Over $750 million in airline tickets were sold over the Web last year and the brokerage industry now manages $200 billion worth of assets in online accounts." The American Chamber of Commerce has produced a report on the impact of e-commerce on our lives. This report has found that the e-commerce industry employs 7.4 million workers, some of who
Imagine trying to run a company without telephones and fax machines, telling the customers and suppliers that you only do business by mail. By the end of last year, more than 100 million were using it. 1 percent, more than a full percentage point higher than the 2 percent it was. Some companies exist solely on the Internet. By using the Internet to sell and market their products, companies have been able to reach a large number of customers from all over the world. Companies have moved to e-commerce for a number of reasons. Running a company in the year 2004 without the basic tools of E-commerce is definitely not a wise business decision. The Internet is ushering in an era of sweeping change that will leave no business or industry untouched. A consumer does not have to wait in long lines in stores or even leave the house; all they have to do is click on a product that they wish to purchase, enter their credit card information, and sit back and wait for the product to arrive by mail. Another benefit that e-commerce offers to consumers are reduced costs. Some e-commerce companies have made this process even more convenient than this, storing the shopper's credit card information on their server, so the information needs to be entered only one time increasing the overall amount of security. Many companies are exploiting the expanding repertoire of E-commerce technology. Workers in the software and service industries are the highest wage earners, at almost $56,000 annually. "However, it must be noted that Amazon posted a quarterly profit the fourth consecutive one for the world's largest online retailer sales were $1. Two examples of this type of business are Amazon.
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Acceptance Essays
