e Commerce

E-Commerce: A New Dimension To Business E work is changing the customs duty wholey certain economic practices and making competition even fiercer than it has always been in the past. As the internet opens up larger markets to collide with returns of, more and more flexible competitors atomic number 18 entering the market, all offering better priced value propositions in holy order to discriminate market sh are.The business parameters deplete changed and so have the risks & payoffs. E-commerce is comme il faut critical in tierce dimensions: customer-to-customer business interactions, intra-business interactions and B2B interactions. In C2b dimension, e-commerce is change the customers to have an increasing rate in what products are made, how products are made and how services are delivered.E-commerce is also a gun for dramatic changes in national organizational functioning as evidenced by the quick proliferation of intranets. HIstory Over the last 30 years, the defini tion of electronic Commerce has changed. Initially, in the late 1970s, Electronic Data flip over (EDI) and Electronic Funds Transfer (EFT) were employ as the raw material technology to facilitate electronic commercial messageized transactions. This was what electronic commerce originally meant, the use of technological innovations care EDIs and EFTs in doing commercial businesses electronically.

EDIs and EFTs allowed businesses to electronic sending of commercial documents much(prenominal) as purchase orders or invoices. In 1979, an English spotter named Michael Aldrich invented online shopping. He did this b y connecting a customized 26-inch color dome! stic goggle box to a computer with real time transaction bear upon system through a domestic telephone line. During the 1980s, forms of electronic commerce much(prenominal) as credit cards, Automated storyteller machines (ATM) and telephone banking grew and were accepted. The air passage Reservation System typified by Savre in the USA and Travicom in the United Kingdom was also considered another(prenominal) form of e-commerce. Curiously, online...If you want to pay back a full essay, order it on our website: OrderCustomPaper.com

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