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These studies suggest e-commerce is a rapidly growing industry that transforms business processes, enhances customer service, and operates as a virtual market driven by information technology and secure systems.
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Electronic commerce, commonly known as e-commerce, refers to the buying and selling of goods and services using the Internet. This concept has evolved significantly since its inception in the 1970s, transforming how businesses operate and interact with customers and other businesses.
Definition and Scope of E-Commerce:
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Geographical and Organizational Flexibility:
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E-commerce is a dynamic and integral part of modern business, driven by technological advancements and the Internet. It encompasses a wide range of activities, from B2B and B2C transactions to global outsourcing and teleworking. The flexibility, efficiency, and vast reach of e-commerce continue to reshape traditional business models and consumer behaviors, making it a significant growth area in today's economy.
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