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E-Commerce: Doing Business on the Internet - page 3 / 47

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 E-Commerce

What is E-Commerce?

Doing business online, typically via the Web

The use of the Internet and the web to transact business

Digital enabled commercial transactions between and among organizations and individuals.

It refers to business activities conducted using electronic data transmission via the Internet and the World Wide Web.

Although consumer shopping on the Web was running about $50 billion per year in 2001 and $350 billion by 2004,

The First E-Commerce?

In 1886, a telegraph operator was able to obtain a shipment of watches that was refused by the local jeweler. Using the telegraph, he sold all the watches to fellow operators and railroad employees. Within a few months, he made enough money to quit his job and start his own store. The young man's name was Richard Sears. His company later became Sears, Roebuck.

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