What Is E Commerce - 1215 Words

What is E-Commerce? Electronic trade, otherwise called E-Commerce is business exchanges led electronically on the web. E-commerce was presented in the 1960s through an electronic information exchange (EDI) on quality included systems (VAN). Numerous block – and – mortar retailers that were working out of physical structures lost business to online organizations, for example, Amazon, and EBay. Thus, e-commerce has developed throughout the years; organizations from Walmart to little one individual organizations now offer their items on the web. There are three primary sorts of the E-commerce systems. They are business – to – business (B2B), Business – to – shopper (B2C) and customer – to – buyer (C2C). †¢Business – to – business (B2B)†¦show more content†¦It is also important to have a basic understanding of e-commerce law. There are different legal, and financial considerations, regarding privacy, security, copyrighted, and taxation for those sellers internationally or across state lines. The Federal Trade Commission (FTC) regulates most e-commerce activities, such as the use of commercial emails, online advertising and consumer privacy. Over the past decade buying and selling has changed drastically from where it used to be, many of these changes are for the good, as well as some which may be considered to be negative. The days of being the first person in a store to buy the newest item on the shelf are nearly gone with the advancements in technology, and the rise of popularity of social media web sites. Many people now are one click away from being able to purchase the latest items trending around the world ranging from food, clothes, and entertainment. Technology has changed the way we do business, but in many ways sales has come full circle. When sales began, people brought face-to-face, from people they knew. The industrial age took away some of this personal touch, as businesses became less engaged with customers and focused on volume, rather than quality of customer interaction. Today, consumers and brands are connecting on a more personal level thanks to social media. Businesses are now keener than ever to nurture relationships with customers to achieve a