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With the astonishing growth of the Internet many companies are finding new and exciting ways to expand upon their business opportunities There are very fewsuccessful companies that do not use computers in their everyday business activities which also means there are few companies that do not use e-commerce To emphasize the point that the effect of the Internet is so widespread in todays business communities one online article stated that more than 100000 companies have Internet addresses and 20000 companies have home pages on the Internet as of February 1999 DataQuest 1999 These numbers have more than tripled since 1995 and the trend shows no signs of slowing But what exactly is e-commerce To most casual Internet surfers e-commerce means online shopping and workaholics pointing their web browser to Amazoncom to order an emergency present because they forgot someones birthday again Weiss 1999 As we will soon find out this is far from the case Simply put e-commerce is the exchange of business information between two or more organizations An example of this would be buying and selling products or services over the Internet E-commerce became very popular soon after it proved to be an efficient means to conduct long distance transactions The purpose of this report is to discuss some of the advantages and disadvantages e-commerce as well as examining its potential for the future of business Electronic commerce or e-commerce has developed very rapidly in the last few years and has left some people wondering what it is all about Most people think e-commerce is just about buying and selling things over the Internet said Wareham Wareham 2000 E-commerce is a broad term describing the electronic exchange of business data between two or more organizations computers Some examples might be the electronic filing of your income tax return on-line services like Prodigy and on-line billing for services or products received E-commerce
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