The Growth Of Electronic Commerce - 970 Words

Growth of Electronic Commerce Commerce is the activity of buying or selling things. When two person come together to change things in return of something they are doing business. Traditionally, trade was done by meeting in person with the buyer or seller but that doesn’t hold true in the 21st century. Today most of the business have adopted electronic form of business. John B. Horrigan writes, â€Å"Two-thirds (66%) of online Americans say they have purchased a product online, such as a book, toy, music, or clothing.† Many people have moved on with online shopping for some good reasons that comes with it. One of the reason is it being convenient. E-commerce provides option of home delivery which saves effort of actually going to the store and move around to make a choice. Buying online means to just seat on your couch and make a selection without even moving from your place. The best part of it is that you just have to place the order and it gets delivered at your doors teps. Number of internet users have been increasing since 2000, but the online transaction rate has been increasing more rapidly. 78% of internet users either agree (53%) or agree strongly (25%) with the proposition that shopping online is convenient for them (Horrigan). The other reason why electronic form of business is popular is that it saves a lot of time to people. While it makes convenient to buy almost everything from home, it also save time to travel to and from the store. Horrigan says that 68% ofShow MoreRelatedResearch Journals on One Way Anova Test785 Words   |  4 PagesE-Commerce Electronic commerce, commonly known as  e-commerce consists of the buying and selling of  products  or  services  over electronic systems such as the Internet and other  computer networks. Electronic commerce is generally considered to be the sales aspect of  e-business. 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