10 papers analyzed
These studies suggest that e-commerce is revolutionizing business interactions, offering cost-effective global methods, and growing rapidly due to technological advancements, while also facing challenges like logistics and consumer security.
E-commerce, or electronic commerce, refers to the buying and selling of goods and services over electronic systems such as the internet. It has revolutionized the way businesses operate, offering new opportunities and challenges. This synthesis explores various aspects of e-commerce, including its evolution, technological underpinnings, and its impact on business practices.
Evolution and Definition of E-commerce:
Business-to-Business (B2B) E-commerce:
Technological Infrastructure:
Social Commerce:
E-commerce in Developing Countries:
Challenges and Opportunities:
E-commerce has transformed the business landscape by leveraging internet technologies to facilitate transactions and interactions. Its evolution from traditional EDI systems to sophisticated internet-based platforms has opened new avenues for both B2B and B2C transactions. The rise of social commerce and the growth of e-commerce in developing countries highlight the dynamic nature of this field. However, challenges such as logistics and security need to be addressed to fully realize its potential. Overall, e-commerce continues to be a major driving force in the global economy.
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