Electronic Commerce As Defined By Salvatore - 2622 Words

Research Paper – Electronic Commerce Frank Bentley BUSI 620-Global Economic Perspective Liberty University December 7, 2014 Introduction to Electronic Commerce Electronic commerce as defined by Salvatore (2013) â€Å"refers to the production, advertising, sale, and distribution of products and services from business to business and from business to consumer through the Internet† (p. 150). Consequently, e-commerce is now essential for businesses to be able to compete in the global marketplace. â€Å"E-commerce is now being used in all types of business, including manufacturing companies, retail stores, and service firms. E-commerce has made business processes more reliable and efficient† (Smith, K.T., 2011, p.3). this paper will outline those perspectives in regards to the origin of E-commerce, Business to Business E-commerce, Business to consumer E-commerce, Consumer to Consumer E-commerce, and legal environment of E-commerce. E-Commerce Origin E-commerce can be traced all the way back to the invention of the first computers in 1950. During the early stages many organizations didn’t have access to electronic data interchange due to it being relatively expense. In order for organizations to attain a competitive advantage, compete within their respective industry, or market, e-commerce needs to be implemented within the core business practice. As stated by Smith (2011), â€Å"E-commerce is now being utilized in all facets of business, including manufacturing companies, retailShow MoreRelated Internet - Challenges of B2B and B2C E-commerce Essay1291 Words   |  6 PagesB2C E-commerce E-commerce â€Å"is the exchange of money for goods or services between companies and/or end consumers† (Hemond-Wilson). The most common image of e-commerce â€Å"is that of a web-based catalogue from which buyers can order products and the sellers can receive payment† (Hemond-Wilson). E-commerce has two main forms, which are business-to-business, and business to consumer. B2B e-commerce â€Å"is business which is conducted between businesses via some electronic means† and B2C e-commerce â€Å"isRead MoreRico Act Essay1541 Words   |  7 Pagesothers to do or assisted them in doing. It closed a perceived loophole that allowed someone who told a man to commit a crime such as murder, to be exempt from the trial because they did not actually do it or were physically involved. Racketeering is defined as the process of forming or running an organization to operate or commit or otherwise execute ongoing criminal activities. For example the drug mafia planning and executing drug traffic in an organized manner. 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This is why it is often an expanding proven fact that actually big-time businesses are starting in order to expose their own things within the Internet. Electronic commerce(e-commerce) which has a multi million dollar potential Read MoreDecision Support System and Managerial Decision Making4565 Words   |  19 Pagescenter | Transnational (integrated network) | Decision making and knowledge generation distributed among units | â€Å"Decision Support System and Managerial Decision Making†, International Journal of Knowledge and Research in Management amp; E-Commerce Vol.1, Issue 1, Dr. VVR Raman, Dr. Veena Tewari, January 2011 2.3 - Capabilities offered by DSS: A DSS offers features that fill an organization’s several needs. 1. 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