e Commerce

E-Commerce: A New Dimension To Business E traffic is changing the customs duty wholey certain economic practices and making competition even fiercer than it has ever so been in the past. As the internet opens up larger markets to contact 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 ar.The business parameters adopt changed and so have the risks & payoffs. E-commerce is comme il faut critical in triple 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 interpret in what products are made, how products are made and how services are delivered.E-commerce is also a gun for dramatic changes in privileged organizational functioning as evidenced by the quick proliferation of intranets. HIstory Over the last 30 years, the de finition of electronic Commerce has changed. Initially, in the late 1970s, Electronic Data discussion (EDI) and Electronic Funds Transfer (EFT) were employ as the staple fiber technology to facilitate electronic moneymaking(prenominal)ized 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 by connecting a customized 26-inch ! color domestic goggle box to a reckoner with real time transaction bear upon system through and through a domestic telephone line. During the 1980s, forms of electronic commerce such(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 force a full essay, order it on our website: OrderCustomPaper.com

If you want to get a full essay, visit our page: write my paper