E Commerce And The Online Transaction Of Business Essay

Abstract This paper will explore electronic commerce, also known as e-commerce. Basic introduction of e-commerce will include breaking down the types of e-commerce, both in private and public sector, and provide examples. Two methods, strategies and SWOT analysis, to successful e-commerce will be explored as well as results, which will encompass vulnerabilities. Finally, a conclusion will entail a wrap-up discussion. Electronic commerce (e-commerce) encompasses more than just shopping sites, like Amazon; it’s the industry of buying and selling products or services using electronic means. More simply put, e-commerce is â€Å"the online transaction of business, featuring linked computer systems of the vendor, host, and buyer. Electronic transactions involve the transfer of ownership or rights to use a good or service. Most people are familiar with business-to-consumer electronic business (B2C). Common illustrations include Amazon.com, llbean.com, CompUSA.com, travelocity.com, and hotels.com.† (Export.gov) E-commerce can be broken into four basic categories. An example of Business to Business (B2B) is manufacturers selling to distributors, such as an automobile manufacturer. Business to Consumer (B2C) is probably the most known of the categories. Amazon is a superb example of B2C. Founded in 1994, Amazon is ranked #458 on the Fortune 500 list (Fortune.com) Consumer to Business (C2B) is where the consumer post service/requirement needed, and theShow MoreRelatedE Commerce Vs. Electronic Commerce1527 Words   |  7 Pagesto 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. 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