This essay Electronic Commerce has a total of 2331 words and 9 pages.
As the internet grows in popularity every day, so too does electronic commerce. Electronic commerce, simply put, is the exchange of money for goods and services via electronic means. In other words, electronic commerce is usually when you purchase something off of the internet. Electronic commerce is often referred to as e-commerce, or e-business. In this paper I will be discussing the technical side of e-commerce, security, different points of view regarding e-business, and of course my personal opinion and experiences.
First I would like to discuss the types of e-business. E-business can be anything from purchasing a toaster from a department store online to checking your bank statement online. All are examples of the many aspects of e-business.
There are several aspects of e-business unique to it. When comparing traditional business to e-business, one can see several differences between the two. The most obvious difference when buying standard goods (such as a toaster, a book, or a new computer) is the store. When dealing with e-business there is no "real" store or merchandise to look at. It is all presented through the merchant\'s webpage, or by other electronic means. You will not be able to touch, or inspect potential purchases. All you will have to go on is perhaps a picture and a brief description of the item in question. This is obviously a big change from traditional store-based business practices. Why would any self-respecting consumer buy something via e-business if they were unable to touch, or inspect a potential purchase, and there is a real store just done the street? There are several reasons why e-business is appealing to a growing amount of people. For example, e-business is based on the internet. If you are using the internet, you are not bound by geography. You can access any site, anywhere in the world from the comfort of your computer chair. What does this mean to the consumer? Now the consumer has access to several things they didn\'t before. The consumer now has diversity. With the entire internet at your fingers, in a matter of minutes you can browse several stores in several parts of the world without even leaving your home. This allows you to compare prices and products. With e-business you are not restricted to the prices and products of you local stores. You can easily choose the best price on the best product.
Purchasing goods electronically is becoming easier by the day. The majority of e-businesses have software set up on their webpage to take and record your order as well as your credit card and personal information. The software is set up such that you can order anything you want without having to interact with anyone what so ever. You just have to enter your credit card number, address, and other personal information. Some people are not comfortable with the concept of sending their credit card number or other personal to a potential merchant over the internet, but are more comfortable using the telephone. Most businesses know this and have set up a special number or other means to talk to a representative from the company to settle any questions, and to accept credit card numbers or other means of payment. There are of course several security issues involved in both forms of commerce. I will discuss security in greater detail later in the paper.
The popularity of e-business is growing almost as fast as the technology itself. More and more people are using their computers to buy what ever they want, whenever they want. Every day there is an increasing number of companies that join the electronic world of business. Companies spend millions of dollars a year to setup and maintain a website designed for e-business. Why are they willing to spend so much? Most business people have a good knowledge of how and why business works. It is not hard to see that there is a huge market in e-business. With the price of computers going down each day, more and more people have the opportunity to get in on their piece of cyberspace.
A Typical E-business Transaction & Security Information:
A few methods in which e-business is conducted are shopping, and online banking. Let\'s examine the shopping aspect of e-business first. When you go to a
Company Insights on BPCompany Insights on BP On August 30, we all chose 5 stocks to evaluate before purchasing. At this time I chose BP AMOCO, Microsoft, Western Digital, Toys-R-Us, and Fortune Financial Incorporated. After a few weeks of tracking these stocks, I chose to keep BP AMOCO, Microsoft, and Western Digital, because the stocks were relatively stable and most of them were on the rise at this time. As you are aware, we were given $30,000.00 to invest in our three chosen stocks, which breaks down to $10,000.00
How To Start A Web BusinessHow To Start A Web Business How To Start A Web Business By: 1 of 3 How To Start A Web Business One of the most popular Internet myths claim that building an online store is easy: All the customer has to do is point, click, and buy. But in reality, successful e-commerce is far more complex and unlike any other web site project you have tackled in the past. Before that first cyber buck finds it’s way into your bank account, you need to do considerable research and planning. To get started you can
Kao CorporationKao Corporation Executive Summary In this project, I have chosen the Fast Moving Consumer Product industry as the topic of study. First of all we will take a brief look at how the industry started in the late 19th century as soap making companies and slowly evolving into some of the most successful multidomestic company of today. Following we will have insight on the industry’s prominent characteristics and highlight some of the major players. We will also get an idea of the attractiveness of th
Database IntegrationDatabase Integration 1. System Architektur Folgende Tools werden von uns für verwendet, die es uns erlauben unseren Partnern eine sichere E-commerce Lösung anzubieten. Apache Web Server Mod_SSL – Ein Modul für SSL (Secure Socket Layers) OpenSSL – Open Source Toolkit (benötigt für Mod_SSL) MySQL – Ein SQL Datenbank-Server PHP4/Zend – Eine Server Sided Scripting Language Diagramm 1; System Architektur 2. Datenbank Integration Um den Kunden online Preisvergleiche anbieten zu können, müssen wir unse
Electronic CommerceElectronic Commerce Introduction: As the internet grows in popularity every day, so too does electronic commerce. Electronic commerce, simply put, is the exchange of money for goods and services via electronic means. In other words, electronic commerce is usually when you purchase something off of the internet. Electronic commerce is often referred to as e-commerce, or e-business. In this paper I will be discussing the technical side of e-commerce, security, different points of view regarding e-
Security On The WebSecurity On The Web Security on the Web, By Sina How do you secure something that is changing faster than you can fix it? The Internet has had security problems since it’s earliest days as a pure research project. Today, after several years and orders of magnitude of growth, it still has security problems. The Internet is being used for a purpose for which it had never intended to be used for. It is somewhat ironic that the early Internet was design as a prototype for a high-availability command
The Case of the Lost and Found “Devastator”The Case of the Lost and Found “Devastator” A Group Project Fundamentals of Business Law Unit 5 May 24, 2004 The Case of the Lost and Found “Devastator” Background In 1943, During World War II, a Navy TBD-1 Devastator crashed eight miles off the coast of Florida. The entire crew survived and there is no indication that any efforts were made to locate the plane by the Navy. Collector Doug Champlin, the owner of an airplane museum in Arizona spent approximately $130,000.00 to recover the plane. Th
Are We Segregating Ourselves?Are We Segregating Ourselves? 1 March 3, 2004 WR115 Argumentative-Rough Draft In the past ten years the internet has opened up a world one could have never imagined. It has made the inconvenience of everyday life convenient, especially for the physically handicapped, remotely secluded, and those with hectic schedules. People can do just about anything on the internet today. However there are some people who believe that the internet, especially E-Commerce (internet shopping) is eroding personal
RecommendationsRecommendations Andrea Jung has done an exceptional job of identifying the problems of Avon Products, Inc, developing a strategic vision, and outlining a plan to clearly communicate and meet the goals and objectives of the vision. She undoubtedly recognized the various areas within the company that were in dire need of improvement, in order to boost the success of the company. There are seven major aspects of Andrea Jung’s strategic execution and their business results presented within the case.
Primus Securities Website Simulation Primus Securities Website Simulation EBUS 500.1 e-Business Principles and Practices July 21, 2004 Abstract Primus Securities is a full service brokerage firm serving approximately 7,000 clients. In order to increase the number of clients being served Primus by further developing the website that was created nearly a year ago. By developing and maintaining a website, Primus Securities will need to evaluate customer needs, technology needed, markets strategies, and operational costs. Another impo
The Chicagotribune.com case The Chicagotribune.com case 4/4/04 Business Policy What is chicagotribunes.com’s business model? Does its business model seem well matched to industry conditions and the Tribune Company’s resource strengths and competitive strengths? Is the business model capable of earning a respectable profits? The business model for the Chicagotribune.com is a great one in fact it has made them an innovator in the internet news industry. They do this by always staying on top of the ever-changing internet com
Dell – New Horizons Dell – New Horizons I Introduction and scope of work............................................................................................. 3 I.1 Introduction................................................................................................................... 3 I.2 Scope of Work.............................................................................................................. 3 II Marketing mix.......................................................................
E-CommerceE-Commerce Marketing Strategy and E-Commerce Introduction With the rapidly advancing technologies that are occurring in modern business, organisations are required to be ready, and able to adapt within their ever-changing environment. It is true across all diverse industries that in order to stay competitive, organisations must be able to utilise the various tools that technology has to offer. Technological factors have been of growing importance, particularly in recent years. A major factor inv
E-commerce an IntroductionE-commerce an Introduction E-commerce an Introduction In the broadest sense, electronic commerce (e-commerce), is the buying and selling of products and services over the Internet. It has included the handling of purchase transactions and funds transfers over computer networks. According to the Forrester Research Study Sizing Intercompany Commerce, total U.S business-to-business Internet trade in 1998 is $7.7 billion, compared to a total global e-commerce of $21.8 billion, dramatically increasin
General Motors Case AnalysisGeneral Motors Case Analysis RUNNING HEAD: General Motors Case Analysis General Motors: Cadillac Case Analysis Situation Analysis In 1986, Lloya Reuss, who was the Executive Vice President of all North America car operations for General Motor (GM), set new goals for GM to achieve because the task before Reuss was an ominous one. In 1959, when Reuss joined General Motors, GM and Cadillac had huge changed. Also, during that time, the U.S. auto market belonged to the three domestic producers (GM, F
How the Internet has helped business’s to grow How the Internet has helped business’s to grow The Internet has help business’s grow in many ways. The one major thing that has help business’s grow is e-commerce. The number one advantage that e-commerce possesses is speed. The Internet and World Wide Web give businesses opportunities to exchange messages or complete transactions almost instantaneously. Even with the slowest connections, doing business electronically is much faster than traditional modes. With increased speeds of communication
PromotionPromotion Promotional tools Every company should use a promotion to introduce their product and service. According to a promotion that is very important before selling a new product and service in making the profit from the business. Levis and Lee Company are using the promotion to attract and remind their customers to buy their product and service. A company would spend more money in promotion but they could through a promotion to show their main product and all situations about processing of m
Internet marketing 1 Internet marketing 1 Internet Marketing 1.0) Introduction Today we are standing on a break of the revolution. All the things we did yesterday will change. Last century was marked by television becouse it can bring to us a pice of the world. Today, we can go there and get that pice by our selfe. The internet made the world smaller and it is going to get even smaller when we started to use internet as much as possible. Internet is a fast growing media and it is just the metter of time when we all
CUFM MIDTERM Spring 2004 OnlineCUFM MIDTERM Spring 2004 Online This exam is short answer/essay. Please answer each question to the best of your ability. Feel free to use the book. When you are done, return via email or email attachment. Chapter I Why, for the major industrial powers, are knowledge and information key ingredients for creating wealth? In today’s world, knowledge and information are very important if you want to make it to the top. For major industrial powers, these key ingredients are a necessity. It’s a fast p
The Elements of CommerceThe Elements of Commerce When you get down to the actual elements of commerce and commercial transactions, things get slightly more complicated because you have to deal with the details. However, these details boil down to a finite number of steps. The following list highlights all of the elements of a typical commerce activity. In this case, the activity is the sale of some product by a retailer to a customer: o If you would like to sell something to a customer, at the very core of the matter i
E-commerceE-commerce Q: What measures are the government bringing in to boost e-commerce? A: E-commerce is absolutely essential to the growth of our economy and that is very strongly recognised by the government and very strongly recognised by both the Treasury and by the Department of Trade and Industry. The DTI published a competitiveness White Paper which was full of measures as far as e-commerce was concerned. We do take the point that e-commerce is going to change the way we do business which is why
Retailing Strategies of The Limited Inc.Retailing Strategies of The Limited Inc. Retailing Management Dr. Heiens AMKT 551 Jason Myers Table of Contents Introduction ………………………………………………………… 3 Products and Target Markets ………………………………………. 5 Growth Objectives ………………………………………………… 8 Competition ………………………………………………………. 8 Site Location ……………………………………………………… 9 Marketing and Promotion …………………………………………. 10 A.Introduction The Limited, Inc. is an international company committed to building a family of the world\'s best fashion brands that will maxim
Philippine Business EnvironmentPhilippine Business Environment The countries that will achieve steady and economic growth in the 21st century are those that go with the tide . An economic manager must look into his resources and not on what other countries have. The Philippines is rich with natural resources , raw material and especially manpower. That\'s why when we made a move to improve our economic condition , The Sick Man of Asia was renamed as the New Tiger Cub of Asia. A name signaling other countries that a new thr