The Evolution of Commerce Into Electronic Commerce (E-Commerce) and Its Impact

This essay is about the power of e-commerce and the necessity for businesses to be part of it to stay in business. Electronic commerce is a broad term that describes the electronic exchange of business data between two or more organizations' computers. E-commerce includes electronic job applications, online billing, buying and selling items, and electronic banking. E-commerce originally began with telegraph technology and evolved with the advent of credit and ATM cards. The advantages of e-commerce are speed, savings, international distribution, and customer service availability. The disadvantages of e-commerce are privacy, security, consumer willingness to pay, and technical challenges.
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