What is E-commerce?E-commerce(electronic commerce or EC)is the buying and selling of goods and services on the Internet, especially the World Wide Web. Everybody can shop on the web site which they prefer when they have free time. History of E-commerce originated from very old concept “sell and buy” electricity, cables, computers, modems, and the Internet.E-commerce became possible in 1991 when the Internet was opened to c
ommercial use.First of all, the E-commerce commercial transactions electronically with the help of the leading technologies such as Electroni Data Interchange (EDI) and Electronic Funds Transfer (EFT) which gave an opportunity for users to exchange business information and do electronic transactions. EDI is the exchange of business data using an understood data format whereas EFT is moving funds between different accounts in the same or different banks, through the use of wire transfer, but without the use of paper documents.
ommercial use.First of all, the E-commerce commercial transactions electronically with the help of the leading technologies such as Electroni Data Interchange (EDI) and Electronic Funds Transfer (EFT) which gave an opportunity for users to exchange business information and do electronic transactions. EDI is the exchange of business data using an understood data format whereas EFT is moving funds between different accounts in the same or different banks, through the use of wire transfer, but without the use of paper documents. Amazon is one of the first E-commerce businesses to establish an affiliate marketing program, and nowadays the company gets about 40% of its sales from affiliates and third party sellers who list and sell goods on the web site. The most popular feature of the web site is the review system, i.e. the ability for visitors to submit their reviews and rate any product on a rating scale from one to five stars. Amazon.com is also well-known for its clear and user-friendly advanced search facility which enables visitors to search for keywords in the full text of many books in the database.
Another company which has contributed much to the process of E-commerce development is Dell Inc., an American company located in Texas, which stands third in computer sales within the industry behind Hewlett-Packard and Acer.
It was launched in 1994, Dell.com was the first company to record a million dollars in online sales by the end of 1997. The company’s unique strategy of selling goods over the World Wide Web with no retail outlets and no middlemen has been admired by a lot of customers and imitated by a great number of E-commerce businesses.
It was launched in 1994, Dell.com was the first company to record a million dollars in online sales by the end of 1997. The company’s unique strategy of selling goods over the World Wide Web with no retail outlets and no middlemen has been admired by a lot of customers and imitated by a great number of E-commerce businesses.
The E-commerce structure has a rapid change because of the innovation Web 2.0. In year 2003, the term Web 2.0 was defined in a conference brainstorming session between O'Reilly and MediaLive International. Web 2.0 refers to a second generation of web development and design that facilitates communication, safe information sharing, interoperability, and association on the World Wide Web. Web 2.0 concepts have led to the development and evolution of web-based communities, hosted services, and applications such as video-sharing sites and blogs.
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