Essay on e commerce

Submitted By vincymary
Words: 2342
Pages: 10

E-commerce

VINCY MARY VAVACHAN

introduction
• e-commerce means electronic buying and selling on the internet.
• The Internet --->
- an efficient mechanism for advertising and distributing product information.
- enabling complete business transactions..
• Symbol of globalization – access entire world market • Many company have taken advantage of the
Web and Ecommerce to reduce cost, improve revenue, and increase customer services.
VINCY MARY VAVACHAN

commerce
• According to Dictionary.com
• Commerce is a division of trade or production which deals with the exchange of goods and services from producer to final consumer It comprises the trading of something of economic value such as goods, services, information, or money between two or more entities
VINCY MARY VAVACHAN

Commerce divided into –

Ecommerce

• Internet commerce
• Mobile commerce

Traditional commerce VINCY MARY VAVACHAN

definition
E-commerce = business activities (both communications and transactions) conducted electronically (includes not only ordering, invoicing and payment but also marketing, advertising and communications “..The production, distribution, marketing and sale or delivery or delivery of goods and services by electronic means (WTO, Committee on Trade and
Development, November 1998).
VINCY MARY VAVACHAN

Electronic commerce is about doing business electronically.
(P. Timmers, Electronic
Commerce – Strategies and
Models for Business-toBusiness Trading. John Wiley &
Sons, 2000)
VINCY MARY VAVACHAN

elements






Promote your Web site presence.
Have an online catalog or store.
Have the capability to receive payments.
Be able to deliver the item.
Provide after-the-sale support.

VINCY MARY VAVACHAN

E-commerce v. traditional commerce
Activity

Traditional commercial E-commerce

Product information

Magazines, flyers

Web sites, online catalogs

Business communication

Regular mail, phone

E-mail

Check product availability

Phone, fax, letter

E-mail, web sites and extranets Order generation

Printed forms

E-mail, web sites

Product acknowledgements

Phone, fax

E-mail, web sites and EDI

Invoice generation

Printed forms

Web sites

VINCY MARY VAVACHAN

E-commerce and E-business

VINCY MARY VAVACHAN

history
• Its early beginnings started during the cold war years when the world was racing to build missile defense systems but, the history of modern Ecommerce is relativity short having its beginnings in the mid 1990s
VINCY MARY VAVACHAN

Early beginnings……..
• 1960 –
Ecommerce purpose was to exchanging electronic data long distance. In these early days of Ecommerce, users consisted of only very large companies, such as banks and military departments, who used it for command control communication purposes.
This was called EDI, and was used for electronic data interchange.
VINCY MARY VAVACHAN

• late 1970s – new protocol was developed –
1. ASC X12 which was used for the exchange of business documents and information electronically. 2. Another system was being developed at the same time by the Military known as ARPAnet,
-- first to use the "dial up" method of sending information via telephone networks. It was considered the grandfather of the modern
Internet
VINCY MARY VAVACHAN

• 1982 -Transmission Control Protocol and
Internet Protocol known as TCP & IP was developed. This was the first system to send information in small packets along different routes using packet switching technology, like todays Internet.
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Modern development……
• 1991 when a computer scientist working under contract for CERN "Tim Berners-Lee" made a huge advancement by communicating via the
Internet using HTTP. – Birth of world wide web

FATHER OF www
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1994:
• Netscape releases the Navigator browser in
October under the code name Mozilla.
• Pizza Hut offers online ordering on its Web page. • The first online bank opens. Atempts to offer flower delivery and magazine subscriptions online. • Adult materials also…