Electronic Commerce: State-of-the-Art

Abstract

In recent times, electronic commerce has gain popularity around the globe with many advanced technologies introduced in its operation. E-commerce has allowed firms to establish a market presence, or to enhance an existing market position by providing a cheaper and more efficient distribution chain for their products or services. This paper discusses the past and present happenings in e-commerce operation. The definition of e-commerce by some scholars as well as the researcher’s own definition according to the present situation of e-commerce is discussed. In addition, history, unique features, major types, benefits and barriers to the growth of e-commerce are analysed. The paper further examines the difference between e-commerce and e-business.

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