• “It consists of buying and selling goods and services over an electronic systems such as the internet and other computer networks.” • “E-commerce is the purchasing, selling and exchanging goods and services over computer networks (internet) through which transaction or terms of sale are performed electronically. OBJECTIVES OF THE STUDY: 1. To know and understand what is e-commerce. 2. To bring about the difference between traditional commerce and e-commerce.
Walmart is expanding their competencies in today’s rapidly rising social commerce environment. As mobile applications and social networking are progressively becoming part of the consumers’ daily lives globally, influencing how they think about shopping. Hence, the alliance of Walmart and Kosmix indeed signals a new and emerging trend for the e-tailing market. As the acquisition of Kosmix helps to explore new ways of connecting shoppers digitally. Walmart, a retail megastore acquired Kosmix in April 2011, a social media start-up focused on e-commerce that has been powering technologies such as RightHealth and TweetBeat.
However, return on investment (ROI) remains at 19.3% for 2010 and 2009 year and return on assets (ROA) has increased 0.5% from 8.4% to 8.9% respectively. The financial figure shows that the company improves performance in 2010 despite economic condition all over the globe. The biggest contributor of this success is the international market. It contributed more than $100 billion of net sales in the consolidated total. This was the first time the international stores reached the billion dollar figure.
Other than that, the second type is Business-to-Consumer (B2C). The meaning of Business-to-Consumer (B2C) e-business is an electronic business relationship between organizations and consumers and online business selling to the individual consumer. The example for B2C is Amazon, Lazada, Zalora, and etcetera. B2C e-business is convenient to the consumer, the consumer can purchase what they on the internet rather than purchase at the shopping mall. The example for B2C e-business in hospitality industry is Malaysia airline, JW Marriott, T.G.I Friday, Food Panda and the like.
(Anders Hasslinger, 2016) Undeniably, the online business had gradually increased these few years. Traditional markets also need to make changes to keep up with the pace of the times in order to be competitive in the market. Therefore, E-commerce has become an irreplaceable marketing channel in business transactions. Online stores and services are an important sales channels in business to customer (B2C) transactions. A customer will not bind to a specific opening time or location, people will be active at anytime and anywhere.
Since the demand for online videos only grows every year, and because Google bought the shares of YouTube, they have a great opportunity to expand the online video market. Furthermore, The market for smartphones is expected to grow at a robust pace in the medium term. According to industry estimates, global smartphone shipments are expected to grow from 1,429.8 million shipments in 2015 to 1,862.3 million shipments in 2019. on the other hand, One big threat Google facing is antitrust charges in the European Union (EU) for allegedly abusing its dominance of internet search. As a result, the company is expected to face an antitrust fine of over $3.4 billion. The second threat is that The company’s business could be impacted by Ad blockers.
Is it accurate to say that you are pondering beginning a business where you offer your items online? Provided that this is true, then you'll be joining the a great many business people who have cut out a corner in the realm of e-commerce. At its center, e-commerce alludes to the buy and offer of products and/or administrations through electronic channels, for example, the Internet. E-commerce was initially presented in the 1960s by means of an electronic information exchange (EDI) on quality included systems (VANs). The medium developed with the expanded accessibility of Internet access and the coming of well known online merchants in the 1990s and mid 2000s.
In retail there is a number of applications available. Electronic Retailing (e-tailing) is the selling on retail goods over the Internet. This is a natural extension of the services that was delivered on the Internet. This is very much synonymous with B2C transactions. Most of these environments will contain an electronic cart and a shopping cart model.
Indian telecom industry has gone through a high pace of market liberalization and growth since the 1990s and now has become the most competitive in the world and one of the fastest growing telecom markets. The Industry has grown over 20 times in just 10 years, from under 37 million subscribers in the year 2001 to more than 840 million subscribers in the year 2011. India has the world’s 2nd largest mobile phone user base with more than 930.12 million users as of May 2012. It has the world’s 2nd largest Internet user-base with over 300 million as of June 2015. Telecommunication has helped in the socioeconomic development of India and has played a significant role to narrow down the rural and urban digitalization divide to some extent.
In ten years, the quasi universal use of Internet led to the digitalization of the economy, which is not only a disruptive phenomenon, but even a revolution for firms. Indeed, all the sectors are impacted by Internet arrival. This revolution possess two main characteristics : first, the increase of speed. Internet has been adopted very quickly by the population, and for social media, it has been even faster (making them the first use of the Web). And day after day, new behaviors and habits are emerging, like smartphone use, cloud computing, etc… Today, the part of time dedicated to internet exceed 2% in Europe and % in United States.