First and foremost, e-commerce also called as electronic-commerce which is the process of buying, selling, transferring, or exchanging products, services and/or information via computer network
Actually, e-commerce arises because of the development of the Electronic Data Interchange (EDI) and Electronic Funds Transfer (EFT) which gave an opportunity for users to exchange business information and do transactions electronically. Furthermore, As the World-Wide-Web(WWW) was also existed has made the e-commerce growth up among the global.
In the 1960s, the businessmen commenced realizing that many documents they exchange related to the shipping of goods – for instance bills of lading purchase order and all the daily transactions. The traditional boundaries will soon replaced with a whole new technology as well as a mechanism and media for purchasing goods and services
During the year 1994, Netscape arrived which is providing users a simple browser to surf the Internet and a safe online transaction technology called Secure Sockets Layers. The different types of e-commerce that we are used until today, for example, Amazon.com and eBay.com has started in 1995. E-commerce also quite useful and popular in different industries, for instance, banks have been using electronic funds transfer (EFT, also called wire transfer), which are electronic transmissions of account exchange information over private communication network
In 1999, during the first generation of E-commerce boom, B2C (Business to Consumer) models have been tried and tested but the newer trends are toward B2B (Business to Business) and Click-and-Mortar models. According to all available data, ecommerce sales continued to grow in the next few years and, by the third quarter of 2008, ecommerce sales accounted for 3.4 percent of total sales. According to the this website:
http://www.census.gov/mrts/www/data/html/08Q3.html
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