E Commerce And Its Effects On The World Of Businesses Essay

In the past couple of the decades, internet technology has grown enormously. Users have access to millions of resources in front of them instantly. According to Zakaria â€Å"the internet users in December of 2000 were â€Å"360,985,492†, and in December 2011 the number of users became â€Å"2,267,233,742†, with a growth of 528.1%.† The in The world of businesses is changing because of E-commerce has been essential tool for businesses. About 53 percent of all purchases are by E-commerce Businesses have come up with plans to use E-commerce to deliver their products and services to the market. However, there are some risk of using E-commerce, the risk are financial, performance, or social risks. Not taking the right steps and having poor security can cause identity theft. Identity theft is not something new that has recently attracts people’s attention. The classic theft is â€Å"petty thieves†, and criminals been doing this for centuries. â€Å"Pet ty thieves† are the criminals that steal wallets and purses, and now modern days stealing credit cards and debut cards. They go on shopping to spend all the money in your wallet, purse, or credit card. Since the early 1990s the growing technology, a new wave of identity thieves developed who are professionals to keep their own identities, and crime hidden. In the past, the theft had to personally go to a bank or a lending institutions to access, or create an account. This was a risky move because it had high risk of being caught. â€Å"However, with theShow MoreRelatedE Commerce Vs. Electronic Commerce1527 Words   |  7 PagesThere are plenty of ways to define the definition of E-commerce. For example, according to the Oxford Dictionary, E-commerce or electronic commerce is the commercial transaction that conducted electronically on the Internet. Some people define E-commerce as the processes of buying, selling, or exchanging products, services, and information by using the computer network technology such as the Internet. E-commerce does not only provide the function of buying and selling goods and services online viaRead MoreBackground. Today, People Are Engaging In E-Commerce More1742 Words   |  7 PagesBackground Today, people are engaging in e-commerce more than ever. Traditionally American consumers shopped exclusively in local businesses and specialty mom and pop stores. These stores are essentially smaller, independently owned and operated businesses that have little influence on the market. Small businesses occupy several areas of business including retail, services, wholesaling and manufacturing. The growing acceptance of the Internet and e-commerce in the early 1990’s changed the way peopleRead MoreTechnology Makes the World Smaller1697 Words   |  7 PagesTechnology Make the World Smaller Office 2004 Test Drive User Table of Contents Commerce 4 Dell6 Ebay 7 E-cash8 Work Cited11 Footnotes12 Technology Makes the World Smaller The international marketplace is changing very fast every day. E-commerce and E-Business is now one of the standard ways to do business. The Internet has opened up vast opportunities for business to tap into new markets all over the world. The use of the Internet removes all geographical constraints, permits the instant establishmentRead MoreThe Effects Of E Commerce On Global Trade1524 Words   |  7 PagesThe effects of E-commerce in Global Trade Introduction E-commerce is a term describing a new and innovative more efficient way of doing business completely by use of the internet, to conduct trade dealings both on a national and global scale. E-commerce offers a different mode of performing trade throughout the world without the need for tangible contact between the buyer and seller. The new transaction mode of purchasing and supplying goods has become explosive in terms of efficiency, competitivenessRead MoreB2C and B2B Web Site Supply Chain Difference981 Words   |  4 Pagesand B2B Web Site Supply Chain Differences Ah, the wonders that technology has wrought in the world of business. Or should it be phrased: ah, the wonders that business has called forth from the world of technology? Whether it is the chicken or the egg, many changes have developed and with the advancements in what is now called e-business, businesses and consumers have benefited. Though e-businesses vary in scope and methods, they can be categorized basically as business-to-consumer (B2C) or aRead MoreElectronic Commerce Electronic commerce (e-Commerce) describes the process of buying, selling,1200 Words   |  5 PagesElectronic Commerce Electronic commerce (e-Commerce) describes the process of buying, selling, transferring, or exchanging products, services, and/or information through computer networks, principally the Internet (Turban et al., 2004). It is also refers to the process by which commerce is carried out using electronic means to conduct transaction between businesses, customers, individuals etc. Taking place online a person goes to the website of a company or person offering goods and services.Read MoreE Commerce Is The Backbone Of Modern Global Markets861 Words   |  4 PagesINTRODUCTION E Commerce has changed the economy of the world since the first ‘online shopping’ system called Videotex was created in 1979 by Michael Aldrich using a 26† domestic TV (Aldricharchive.com, 2015). It has even shaped society itself, changing people’s shopping habits and how the entire landscape of business operates. E-commerce is the backbone of modern global markets from business to business (B2B) companies such as IBM and Microsoft with a total brand value bordering on $200,000M (McGrealRead MoreImpact of E-Commerce to Malaysian Economy854 Words   |  4 PagesIMPACT OF E-COMMERCE ON THE MALAYSIAN ECONOMY E-commerce is the new buzz word. With the advent of the Internet, the development of e-commerce in both the developed and developing economies has developed at a rapid pace. Developing countries such as Malaysia are catching up fast as there are already 1.2 million Internet users. The private sector and the Government have taken initiatives to implement e-commerce. Physical and legal infrastructure for e-commerce in Malaysia have been put in placeRead MoreStarting a Business Online Essay1252 Words   |  6 Pageswe can sell. 2. Because the internet connects computers all over the world, any business that engages in e-Commerce instantly becomes an international business. The key issues that any company faces when it conducts international commerce include trust, culture, language, government, and infrastructure. Explain how you would address each of these issues. According to UOM.edu.au (International Nature of Electronic Commerce)language issues one approach is to have the Web server that can detectRead MoreE Commerce, B2b And B2c1301 Words   |  6 PagesIntroduces the E-commerce, B2B and B2C 1. E-commerce E-commerce stands for Electronic commerce and it is the process of buying, selling or exchanging products, service or information across the Internet. E-commerce not only buying and selling of products and service, but also servicing customer, collaborating with business partners, and conducting electronic transactions within an organisation. 2. B2B e-commerce B2B stands for Business-to-Business, which is the transactions between businesses such as