What is E-commerce - History of E-commerce - E-Commerce Definition


What is E-commerce - E-commerce Definition & History of E-commerce - E-commerce Website - E-commerce...


 


E-commerce & History of E-commerce




E-commerce & History of E-commerce


E-commerce: 

E-commerce can be defined as: The use of internet and web to conduct business transactions. 

OR


E-commerce or electronic commerce is the process of buying and selling are exchange of products, service and information over a variety of computer networks.



History of E-commerce:


With commercialization of the internet in the early 1990s and its Rapid growth to millions of potential customer, the term Electronic Commerce and EC application expanded rapidly. One reason for the Rapid expansion of the technology was the development of networks, protocols, software and specification. The other reason was the increase in competition and other business pressure. Almost every medium and Large size Organization in the US already has a website.

E-commerce & History of E-commerce


The meaning of E-Commerce has changed over the last 25+ years. In the reality, E-commercemeans the electronically facilitation of commercial transactions, using technology such as electronic data interchange and electronic funds transfer. These were both introduced in the late 1970s, allowing businesses to send commercial purchase orders are invoices electronically. The growth and acceptance of credit cards, automatic teller machines (ATM) and telephone banking in the 1980s ware also forms of E-commerce.


E-commerce & History of E-commerce

Online shopping, important component of E-commerce was invented by Michael Aldrich in the UK in 1979. The world's first time recorded B2B was thomson holidays about in 1981. The first time recorded B2C was about gateshead SIS/Tesco in 1984. The world's first recorded online shopper was Mrs jane snowball of geatshead, England. From the 1990s onwards, electronic Commerce would additionally include enterprise resource planningsystem (ERP), data mining and data warehousing. Tim berners-lee invented the www (WorldWideWeb) about in 1990 and transfer an academic telecommunication network into a worldwide everyman everyday communication system called internet/www. On the Internet commercial enterprise was strictly prohibited until 1991. Although internet/www was became a popular worldwide after 1990 when first online shopping is started, it took about five years to introduce security protocols and DSL allowing continual connection to the internet. By the end of 2000 A.D, many european & American companies offered their services through the world wide web. Then people begin to associate a word "Electronic-commerce" with the ability of purchasing various thing & goods through the internet using high secure protocols and electronic payment services.





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