E-Comerce
E-commerce is a term commonly used to refer to electronic commerce. Electronic commerce refers to trade that is done via electronic media. More specifically it refers to buying and selling of products and services majorly on the internet or using electronic systems. E-commerce is majorly looked at as focusing on the sales aspect of a business. However it may sometimes include other aspects of business such as data and information exchange to facilitate trade. When this exchange takes place via electronic systems, it may also be viewed as e-commerce. Some of today’s technologies that have fueled the popularity of e-commerce include: electronic money transfer, online transaction processing, electronic inventory management systems, electronic data exchange and the World Wide Web.
E-commerce has developed over a long period of time. It has developed hand in hand with the internet. The earliest recorded instances of e-commerce include the use of the Advanced Research Projects Agency Network, (ARPANET), by students at the Stanford Artificial Intelligence Laboratory and the Massachusetts Institute of Technology to arrange cannabis sales between themselves in 1971. A great leap occurred in 1979 when Michael Aldrich demonstrated his first online shopping system. In 1982 Minitel, a videotext service that was accessible via telephone lines was launched in France by France Telecom and the system was used for online ordering. In April of 1984, CompuServe, the first major commercial online service, launched the Electronic mall in the United States and also in Canada. This was the first comprehensive e-commerce service.
E-commerce growth and development received a major boost in 1991 when the internet was finally opened for commercial use. Since then, most businesses have taken to the internet to sell and market their products and services via their websites. Development of technologies such as electronic money transfer and electronic data exchange allowed business and
E-commerce has developed over a long period of time. It has developed hand in hand with the internet. The earliest recorded instances of e-commerce include the use of the Advanced Research Projects Agency Network, (ARPANET), by students at the Stanford Artificial Intelligence Laboratory and the Massachusetts Institute of Technology to arrange cannabis sales between themselves in 1971. A great leap occurred in 1979 when Michael Aldrich demonstrated his first online shopping system. In 1982 Minitel, a videotext service that was accessible via telephone lines was launched in France by France Telecom and the system was used for online ordering. In April of 1984, CompuServe, the first major commercial online service, launched the Electronic mall in the United States and also in Canada. This was the first comprehensive e-commerce service.
E-commerce growth and development received a major boost in 1991 when the internet was finally opened for commercial use. Since then, most businesses have taken to the internet to sell and market their products and services via their websites. Development of technologies such as electronic money transfer and electronic data exchange allowed business and