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Using Web-based systems on the Internet and other electronic networks to do transactions electronically.
Allowing customers to buy services or products from a Web site using wireline or wireless devices.
Minimizing human intervention in business transactions by replacing people with information technologies.
Using information and communication technologies to gain an advantage over competitors.
All its internal parts via an intranet.
All its business partners via the Internet.
All its employees via wireless networks.
All its business partners via an extanet.
Decrease in the rate of obsolescence.
Increase in the number of physical markets.
Increase in fraud and cybercons
Terrorist attacks and homeland security
Widespread use of digitizable products like databases, news, information, books, and musical CDs
A decrease in geographic boundaries
Elimination of all traditional intermediaries
Consumers and firms conducting financial transactions digitally
IT-based competitive advantage
Electronic commerce Web site
They have existed in isolated applications since the late-1990s.
Fully computerized e-marketplaces were introduced in the early-2000s.
They have introduced operating efficiencies to trading
Most e-marketplaces have not been profitable