Customer center

We are a boutique essay service, not a mass production custom writing factory. Let us create a perfect paper for you today!

Example research essay topic: Conduct Long Distance Transactions One Online Article - 1,394 words

NOTE: Free essay sample provided on this page should be used for references or sample purposes only. The sample essay is available to anyone, so any direct quoting without mentioning the source will be considered plagiarism by schools, colleges and universities that use plagiarism detection software. To get a completely brand-new, plagiarism-free essay, please use our essay writing service.
One click instant price quote

Introduction 2 History of E-commerce... 4 Economic Impact 5 Advantages of E-commerce 5 Disadvantages of E-commerce... 7 The Future of E-commerce. 9 Summary... 11 References. 12 Electronic commerce, or e-commerce has developed very rapidly in the last few years and has left some people wondering what it is all about. "Most people think e-commerce is just about buying and selling things over the Internet" (Wareham, 2000). E-commerce is a broad term describing the electronic exchange of business data between two or more organizations' computers. Some examples might be the electronic filing of your income tax return, on-line services like Prodigy, on-line banking and on-line billing for services or products received. E-commerce also includes buying and selling any item over the Internet, electronic fund transfer, smart cards, and all other methods of conducting business over digital networks. The primary technological goal of e-commerce is to integrate businesses, government agencies, and contractors into a single community with the ability to communicate with one another across any computer platform (Edwards, 1998).

With the astonishing growth of the Internet, many companies are finding new and exciting ways to expand upon their business opportunities. There are very few successful companies that do not use computers in their everyday business activities, which also means there are few companies that do not use e-commerce. To emphasize the point that the effect of the Internet is so widespread in today's business communities, one online article stated that more than 100, 000 companies have Internet addresses, and 20, 000 companies have home pages on the Internet as of February 1999 (DataQuest, 1999). These numbers have more than tripled since 1995, and the trend shows no signs of slowing. But what exactly is e-commerce?

To the most casual Internet surfer, e-commerce means online shopping. Internet surfers cruise the web purchasing anything from books to hockey tickets. As we will soon find out, there is much more to e-commerce than a simply internet surfer buying personal consumables. Simply put, e-commerce is the exchange of business information between two or more organizations. An example of this would be buying and selling products or services over the Internet. E-commerce became very popular soon after it proved to be an efficient means to conduct long distance transactions.

The purpose of this report is to discuss some of the advantages and disadvantages of e-commerce, as well as examining its potential for the future of business. The worldwide market for commercial electronic commerce is expected to exceed growth of 69 per cent over the next five years. In 1998, approximately $ 77 billion was spent through commercial trading over the Internet (France, 1999). Using the web sites web web web and web the following data has been composed: Of the 17 countries studied, 94 per cent of purchase volume will be focused in five countries: France, Germany, Japan, UK and USA The US represents 59 per cent of volume with Europe and Asia Pacific each representing nearly 20 per cent (Figure 1) The services and manufacturing sectors will be the largest users of Internet technologies to carry out commercial transactions, followed by government / education , financial services, and retail trade While medium (50 - 249 employees) and very large (500 + employees) businesses have the highest volumes, small businesses (1 - 49 employees) will see the fastest 39 per cent of purchases will be from businesses providing maintenance, repair and operational services such as temporary and janitorial services, training classes and office supplies. Some 12 per cent will be travel related purchases, such as booking business flights and hotels Electronic commerce was built on a foundation that was started more than 125 years ago with Western Union's money transfer as an example of telegraph technology.

In the early 1900 s the advent of credit cards as a payment system revolutionized the process of automated commerce functions. In the mid 1980 s the introduction of the ATM card was the latest improvement to electronic commerce. The Internet was conceived in 1969 when the Department of Defense began funding the research of computer networking. The Internet, as a means for commerce, did not become reality until the 1990 s. Before this time, it was mainly a tool for the army, and a research device for some American universities. Its popularity grew when it proved to become a fast and efficient means to conduct long distance transactions, as well as an effective way to distribute information.

Clearly, e-commerce will change the face of business forever. Companies that are thousands of miles away can complete business transactions in a matter of seconds as well as exchange information. As one online article explained: Dell Computers sells more than $ 14 million worth of computer equipment a day from its web site. By taking their customer service department to the web Federal Express began saving $ 10, 000 a day.

The Internet provides businesses with the opportunity to sell their products to millions of people, 24 hours a day (Button, 1999). "Without a doubt, the Internet is ushering in an era of sweeping change that will leave no business or industry untouched. In just three years, the Net has gone from a playground for nerds into a vast communications and trading center where some 90 million people swap information or do deals around the world. Imagine: It took radio more than 30 years to reach 60 million people, and television 15 years. Never has a technology caught fire so fast. " (Edwards, 1998) The number one advantage that e-commerce possesses is speed.

The Internet and World Wide Web give businesses opportunities to exchange messages or complete transactions almost instantaneously. Even with the slowest connections, doing business electronically is much faster than traditional modes. With increased speeds of communication, the delivery time is expedited and that makes the whole transaction from start to finish more efficient. Also, you can find practically any product available for sale on the Internet, as one author put it from books and compact disks (from web) to French bread (available from web) (Buskin, 1998). Even more significant is the fact that information appearing on the Internet can be changed extremely rapidly. This gives business owners the ability to inform customers of any changes to the service that you are offering.

This also allows for you to update marketing and promotional materials as often and as frequently as you would like. The second advantage of the electronic commerce is the opportunity it offers to save on costs. By using the Internet, marketing, distribution, personnel, phone, postage and printing costs, among many others, can be reduced. You can start doing business in cyberspace for as little as $ 100. Most businesses will spend more than this, but compared to the cost of opening a physical store, the savings are tremendous. These funds can then be diverted to marketing and advertising of your product or service.

Cyberspace knows no national boundaries. That means you can do business all over the world as easily as you can in your own neighborhood. Since the Internet connects everyone in cyberspace, information is transmitted at the speed of sound or the speed of light, depending on your connection. Either way, distance becomes meaningless, which makes you able to link to anyone on the globe and anyone on the globe can link to you.

The ability to provide links makes doing business on the Internet attractive to customers in any part of the world. Using the web to provide customer support is an excellent vehicle to help build the reliability and effectiveness of your product or service. The ability to provide on-line answers to problems through email or to provide an archive section of frequently asked questions 24 hours a day, 365 days a year, builds customer confidence and retention. In fact, a whole series of IBM E-commerce commercials were based on this one single point. The Internet tends to be a more personal environment. People expect to get a real person when they send mail.

This can work to your advantage as a small start-up company, or when you are a large corporation. No matter what business you are involved in, an online-help feature is an extraordinary advantage to have. A potential source of trouble is customer concerns with privacy and security. Anything sent over the Internet is sent through several different computers before it reaches its destination...


Free research essays on topics related to: means to conduct long distance, conduct long distance transactions, one online article, product or service, efficient means to conduct long

Research essay sample on Conduct Long Distance Transactions One Online Article

Writing service prices per page

  • $18.85 - in 14 days
  • $19.95 - in 3 days
  • $23.95 - within 48 hours
  • $26.95 - within 24 hours
  • $29.95 - within 12 hours
  • $34.95 - within 6 hours
  • $39.95 - within 3 hours
  • Calculate total price

Our guarantee

  • 100% money back guarantee
  • plagiarism-free authentic works
  • completely confidential service
  • timely revisions until completely satisfied
  • 24/7 customer support
  • payments protected by PayPal

Secure payment

With EssayChief you get

  • Strict plagiarism detection regulations
  • 300+ words per page
  • Times New Roman font 12 pts, double-spaced
  • FREE abstract, outline, bibliography
  • Money back guarantee for missed deadline
  • Round-the-clock customer support
  • Complete anonymity of all our clients
  • Custom essays
  • Writing service

EssayChief can handle your

  • essays, term papers
  • book and movie reports
  • Power Point presentations
  • annotated bibliographies
  • theses, dissertations
  • exam preparations
  • editing and proofreading of your texts
  • academic ghostwriting of any kind

Free essay samples

Browse essays by topic:

Stay with EssayChief! We offer 10% discount to all our return customers. Once you place your order you will receive an email with the password. You can use this password for unlimited period and you can share it with your friends!

Academic ghostwriting

About us

© 2002-2024 EssayChief.com