Electronic Commerce Essay
E-commerce has been evolving at an unbelievable pace. Only about a decade ago we have heard the term of ‘e-commerce’ and now it had become so attach to every business enterprise and even individuals at home are catching fast with this idea. E-commerce is a wide scope and it offers many divisions such as e-banking, electronic data interchange (EDI) and online shopping. It is the business-to business (B2B) that we’re mainly focused on. All available fact shows that e-business is developing rapidly with turnover reported to have doubled between 1998 and 1999.
Most companies view e-commerce or more specifically, B2B as a tool to reach customers whether domestically or regionally. It involves selling, marketing or advertising products or services electronically. It’s seen as an opportunity to earn profit. As for customers or individuals, we seen more of convenience offered and also a more cost-efficient means of shopping. Overall, every parties acknowledge the need to keep in pace with this technology advancement and understand that it offers unprecedented opportunities. Read more…
