E-commerce:


E-Commerce is the exchange of products,services and information via the Internet. E-commerce is a driving force behind positive economic growth.

E-commerce is buying and selling products and services on the Internet. E-commerce is also referred to as online shopping where people select products from an online catalouge, and then check out by selecting a payment plan, which usually includes a credit or debit card number. E-commerce offers advantages by reducing costs, reducing time, offering flexibility and efficiency, improve relationships with trading partners, locks in customers, and creats a new market.

Comment:
Melony has outlined the basic definition of E-commerce. She has provided the building blocks to expand off of what E-commerce truley is. She does not give opinion, but strictly gives the facts. This shows that the source she chose is valid and isn't biased. Which makes her source a reliable place to gain information on E-commerce. Its important to make sure that the definition is accurate and precise inorder to understand E-commerce, and this has been achieved.

E- commerce began in the early 1980s after Michael Aldrich coined the term " teleshopping". This was not necessarily online shopping but it was a means of "shopping at a distance". When the World Wide Web was introduced more and more companies were beginning to enter the online shopping world. Some early online businesses that sprung up were Amazon and Ebay. These two companies are designed specifically for online purchases only. These businesses are continuously expanding as technology becomes more and more accessible. As melony said above, E-commerce provides many advantages, and one of them is that online shopping saves time. In this day and age when people are constantly moving at a fast pace it is important that their is an option to reduce time. Some people don't have time to go out and search for good prices and weigh them against other competitors, where the internet allows them to do that. That is why it is so important for businesses to make sure that their company is accessible on the internet. Society is constantly trying to improve efficency and make is more convenient for the consumer. Technolgy is making it more convenient for the consumer, ecspecially with the multiple devices that are available now a days. Basically since technology is the newest craze its imperitive that businesses make sure that they are available online. E-commerce is fluorishing. In the 1990 is was more about Business to Business E-commerce, where now the Buinsess to Consumer E-commerce is taking off. For example the sales from 2000- 2009 have jumped from $27.6 billion to $143.4 billion. Along with E-commerce has come better security plans to insure the safety of the consumer's information and as this technology improved it paved the way for more businesses to join the World Wide Web. Its improtant to keep in mind that E-commerce does have risks becasue of identity theft and the possibility of someones information getting lost or mistaken for someone elses. This risk does steer some profits away from online business but that is why better security is being implemented.

Comment: Samantha has given the class an excellent link to the deffintion of e-commerce and how it got started. The paragraph above shows the reader what was used to do shopping before the invention of the world wide web. It is very important to know the history of where a service started to get the general idea of why it was needed. In the case of e-commerce it was needed to provide a major convinienece to customers. She does a good job ex[plaining why people use it to buy things like groceries.

Electronic commerce has been traced back to 1960 when banks used the computerized check-processing system called the electronic recording machine-accounting or the ERMA. This made it possible for 9 employees to do the work of 50. In the 1970's banks started using the EDI or the Electronic Data Interchange to process things like invoices, shipping notifications, and purchase orders (Batten). The invention of the internet in the 1990's opened up the world of electronic commerce to businesses small and large. This meant that anyone with access to the internemt could reach a global system that went into countless businesses. The first major e-commerce company was Amazon.com, founded by Jeff Bezos in Seattle in the year 1995. The first products sold were books that could be bought cheaper than the ones in the typical book retailers in the US at the time. Amazon has now expanded to sell a wide variety of products in addition the the books already being sold. Soon after the first major online store was created a man named Pierre Omidyar and Jeff Skoll founded eBay the first online auction business. When the two biggest e-commerce sites went up smaller businesses started to pop up as well. In the 200's many people could now find a lawyer, doctor or even a dry cleaner on the internet. E-commerce has deffinately changed the face of shopping for everyone by making it much easier for people to do their shopping online. Many small businessese have their own websites just to give their potential customers a look into their bussiness and what it offers. Some don't even sell items they just use the internet for the purpose of promotion or information. Factors in e-commerce include a fast delivery and convienence to the customers. E-commerce has changed the way the world does business with other businesses.

Changing the Distribution system :


E-commerce has created new patterns of distribution, eliminating some and creating new ones. This change has greatly impacted the global marketplace.

According to Everyday Finance: Economics, Personal Money Management, and Entrepreneurship. Vol. 2, distribution is the movement of products from manufacturers to sales outlets to customers. Throughout the years distribution has changed quite a bit. It all started that change in the 970's with the invention of the personal computer. The invention of the internet proved to be important to large companies. Mass retailers would purchase PC's and hardware at a discounted price to sell to larger corporate consumers willing to pay for them in large quantities. The internet also became an important channel for websites who sell products directly to the consumer. Other industries including companies that sell hardware, office equipment, and office supplies have undergone various changes as well. The internet gives the consumer a chance to look at all the products and their pricing to give them the opportunity to make a good decision while purchasing online.



E-commerce has opened a whole new world for shoppers by making shopping over-seas so much easier. Instead of getting on a plane to go across the world to find what you are looking for, you can just get what you want with the click of a mouse. E-commerce has allowed companies to distribute their products to a much larger market allowing businesses to make more money; companies can do all this for a little amount of money allowing the business to increase their profit margin. Although opening the market to the world has its advantages it also has its disadvantages. The main disadvantage is the language barrier; not everyone speaks the same language so it can be difficult to deal with people who don’t speak the same language. E-commerce has certainly done a great job opening the market to most of the world.
Comment:

As said above, E-commerce has opened a whole new world for shoppers. E-commerce however, has created a whole new world for businesses too. I agree that shoppers can now buy anything from virtually anywhere if they would like. I do find that although there is a language barrier from country to country this is eliminated over the internet. On all online shopping websites there is an option to change your language, and everything should appear with your selected language. E-commerce has made the world more universal, and not as closed off. Business as mentioned, has been able to appeal to a greater market, and not just a small margin. It is a "win win" for both businesses and consumers. The post above does a fine job at addressing the many perks, and increased communication that E-commerce has provided.


Reference: (Please apply 'user color' to the appropriate corresponding citation)

Oelkers, Dotty Boen. E-commerce. Cincinnati, OH: South-Western/Thomas Learning, 2002. Print.


"Commerce, Electronic." Gale Encyclopedia of American Law. Ed. Donna Batten. 3rd ed. Vol. 3. Detroit: Gale, 2010. 12-15. Gale Virtual Reference Library. Web. 5 Apr. 2013.
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"Distribution." Everyday Finance: Economics, Personal Money Management, and Entrepreneurship. Vol. 2. Detroit: Gale, 2008. 605-607. Gale Virtual Reference Library. Web. 1 May 2013.

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"The History Of Ecommerce: How Did It All Begin?" The History Of Ecommerce: How Did It All Begin? N.p., n.d. Web. 05 Apr. 2013. http://www.mivamerchant.com/blog/the-history-of-ecommerce-how-did-it-all-begin.

"What Is Ecommerce?" What Is Ecommerce? N.p., n.d. Web. 05 Apr. 2013. http://www.networksolutions.com/education/what-is-ecommerce/.

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^"Tim Berners-Lee: WorldWideWeb, the first Web client". http://www.w3.org/People/Berners-Lee/WorldWideWeb.htmlFuture Shop: How New Technologies Will Change the Way We Shop and What We BuyISBN978-0312063597.