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ASSIGNMENT # 1 E-COMMERCE MANAGERIAL ECONOMICS

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When a person who does not know about E-commerce hears any thing about E-
commerce, some questions arises in his mind. These questions are
What is E-commerce?
What is the history of E-commerce?
Why do we use E-commerce?
How does E-commerce work?
What are the types and applications of E-commerce?
What are the benefits of E-commerce?
What are the threats that we may face with E-commerce?
What is E-banking?
What is E-shopping?
These are basic questions that a man can think first time when he knows about E-
commerce. In this assignment I shall try my level best to explain answer of these
questions individually and some more about E-commerce.
E-commerce:
Whenever we buy, sell, or exchange any thing with the help of computer
network, this is called as E-commerce.
Here computer network means Internet. In other words any business activity that is
done through electronic channels is known as E-commerce. E-commerce is also
called electronic commerce and online commerce. Similarly the business which
deals all business activities with the help of Internet is called as E-business. Now a
day E-commerce has become very advanced and an essential thing for the
advertisement and growth of a business. Electronic commerce provides a fast way to
a businessman or a company for communicate with their customers and suppliers.
History of E-commerce:
History of commerce is same as the history of man on Earth. When man came in this
world he needed many things like clothes, food, security and etc. For fulfill his
desires he used to exchange goods of his own with the goods of others. For example
if a man used to produce rice and other person used to produce weapons then they
exchanged their products. There was no concept of money that time. With the
passage of time changes took place by man. He invented the concept of money
instead of exchanging system. He enhanced his business and started produce large
no things. Till 1978 man had to relay on old methods of business.
Then in 1979 a wonderful incident took place. Michal Aldrich invented E-commerce
and laid a foundation of quick and flexible method of business. After two years in
1981 a person Thomson Holidays from United Kingdom developed E-commerce and
provided a facility of E-Shopping.

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From 1981 to 1993 many changes took place in E-commerce. In 1994 pizza Hut
make online pizza shop for buying pizza. It was first time when a company offered a
facility for his customers to but any thing online with the help of internet. During 1994
to 1997 E-commerce became very advanced.
After 1997 Electronic postal stamps could be purchased by internet in 1998. There
was no need to go to the past office. Simply a man could buy and use them after
printing. These were some major advanced changes in commerce. Now we have a
well refined and advanced form of E-commerce. And it is becoming more and more
flexible with the passage of time.
Why do we use E-commerce?
Now the question is why we do we use Online-commerce? Answer is very simple.
There are some factors which are mentioned bellow.
Rapid expansion in business.
Rapid expansion in business is a major factor which compels a person to adopt
Internet commerce. Number of factories and organizations is increasing day by day.
Similarly a business man can not relay on one market. Every person wants new
markets to enhance his business. E-commerce provides a vital way to glow up a
business.
Time pressure.
In this modern age every person wants to complete his work in time. No body has
enough time to search markets personally and to reach new customers. E-
commerce solves this problem. It is very easy for a person to make a website and
advertise his company. In a very short time a organization can be advertized through
out the World.
Globalization.
Every field of life is being developed by science and technology today. So it is a
need of time to adopt a quick way of trading. World has become a global village in
this global village there will be a opportunity for business man to implement his ideas
in real life more and more easily. It can be done by E-commerce.
Enhance productivity.
Needs of every person increases with time. Income should also be increased with
needs. For increasing income it is necessary for a business man to increase his
productivity rate for earning good prophet. For increasing productivity number of
customer should be increased. So E-commerce is necessary for enhance
productivity rate.

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When a person who does not know about E-commerce hears any thing about Ecommerce, some questions arises in his mind. These questions are          What is E-commerce? What is the history of E-commerce? Why do we use E-commerce? How does E-commerce work? What are the types and applications of E-commerce? What are the benefits of E-commerce? What are the threats that we may face with E-commerce? What is E-banking? What is E-shopping? These are basic questions that a man can think first time when he knows about Ecommerce. In this assignment I shall try my level best to explain answer of these questions individually and some more about E-commerce. E-commerce: “Whenever we buy, sell, or exchange any thing with the help of computer network, this is called as E-commerce.” Here computer network means Internet. In other words any business activity that is done through electronic channels is known as E-commerce. E-commerce is also called electronic commerce and online commerce. Similarly the business which deals all business activities with the help of Internet is called as E-business. Now a day E-commerce has become very advanced and an essential thing for the advertisement and growth of a business. Electronic commerce provides a fast way to a businessman or a company for communicate with their customers and suppliers. History of E-commerce: History of commerce is same as the history of man on Earth. When man came in this world he needed many things l ...
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