Electronic Commerce

In: Business and Management

Submitted By geshlyson
Words 852
Pages 4

Name of the Student

The global transition from the analogue era to the digital era has brought along significant transformation. The introduction and use of the internet have made the world to be like a small village. This wave of migration from analogue to digital has seen the major field of different disciplines embraced the use of technology today.1 Commerce, being a major player in the field of trade and marketing has not lagged behind. The application of technology in this field resulted in the inception of Electronic commerce (e-commerce). E-commerce involves all the business activities that use the internet technologies.2 In general; e-commerce can be referred to as the sales aspect of e-business.
The idea of integrating technology into sales and marketing field began in the 1980s. The application of internet technology in trade began in the mid 1990’s and grew rapidly up to the year 2000. In this year, the electronic commerce suffered a serious hitch-up that literal threatened to end its lifespan. However, in 2003, the e-commerce came back to life with companies that survived the turn-down showing growth in sales. This phase saw e-commerce grows rapidly and it became part of the larger total economy. The stable recovery saw ecommerce experience a less damage in the 2008 economic recession compared to the larger economy.3
Currently, ecommerce has advanced in its technological use and many customer and sellers find it faster, cheaper, time saving and reliable to trade over the internet. Some of the internet technologies applied in ecommerce comprises the internet, the World Wide Web, e-mail, social media, mobile devices and telephone. Through the application of e-commerce technology, it has been possible to carry out; supply chain management, internet marketing, mobile commerce,…...

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