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Online shopping, a form of electronic commerce pre-dates the IBM PC, Microsoft, Apple and the Internet /www. In 1979 Michael Aldrich, an English inventor, connected a modified 26" color domestic television to a real-time transaction processing computer via a domestic telephone line and invented online shopping.

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ASSIGNMENT # 1 E-COMMERCE MANAGERIAL ECONOMICS SUBMITTED TO: PROFESSOR MAZHAR MANZOOR SUBMITTED BY: KAMRAN REHMAN MBA II SEC: AE-COMMERCEHISTORICAL BACKGROUNDEarly developmentThe meaning of electronic commerce has changed over the last 30 years. Originally, electronic commerce meant the facilitation of commercial transactions electronically, using technology such as Electronic Data Interchange(EDI) andElectronic Funds Transfer(EFT). These were both introduced in the late 1970s, allowing businesses to send commercial documents likepurchase ordersorinvoices electronically. The growth and acceptance ofcredit cards,automated teller machines(ATM) and telephone bankingin the 1980s were also forms of electronic commerce. Another form of e-commerce was the airline reservation sys

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