OPPapers.com

Selecting New Type Of E-Commerce

New Types of e-Commerce:
Essential Considerations in the Decision to Adopt Emerging e-Commerce Tools

What is e-Commerce?

Electronic commerce is a flourishing concept that pertains to the process of buying, selling and exchanging of commodities¡Xproducts, services and even information¡Xthrough computer and telecommunication networks covering the internet (Bushry, 2005). Electronic commerce may also be defined through various perspectives. From the view of communications, electronic commerce refers to the delivery or transfer of information on orders, purchases, payments, products, and services over the telephone, computer systems, or other electronic means. As a business concept, electronic commerce refers to the utilization of technology with the objective of automating business workflow and business transactions. From the point of view of service, electronic commerce refers to a valuable tool that meets the objective of business firms covering management and employees as well as consumers to cut back on high transaction costs giving way for the focus on improving quality of service and increasing the speed of commodity delivery. Lastly, from an online perspective, electronic commerce refers to the channel for selling and buying of commodities through the internet as well as other online services. The general concept of electronic commerce is networking information so that people are able to access different information on different matters from various locations and collaborate through the same channels. (Kalakota and Whinston, 1997)

What are the New Types of e-Commerce?

As e-Commerce intensifies into an important global tool, many businesses are becoming interested in joining the trend because of the increasing number of success stories on the manner that some companies have optimized e-Commerce in order to boost their sales in the global market. However, e-Commerce offers much more than internet sales especially with the development of a...