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PROMPT:Define and explain the meaning of e-BusinessAcquire knowledge and understanding of the history of e-Business and its impact on businessEvaluate and discuss issues surrounding ethics and securit
PROMPT:
- Define and explain the meaning of e-Business
- Acquire knowledge and understanding of the history of e-Business and its impact on business
- Evaluate and discuss issues surrounding ethics and security as related to e-Business
- Explain how the rapid development of e-Business is linked to that of the Internet. Use examples to illustrate.
Instructions:
2-3 pages (not counting the cover page and references page)
Supported with 2-3 SCHOLARLY and credible references and corresponding in-text citations
APA FORMAT
NO GRAMMAR ISSUES
USE BOOK FOR ASSISATNCE AND INFORMATION BELOW THAT IS HELPFUL
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- Grefen, P. (2015). Beyond E-business Taylor and Francis.
Electronic commerce (or e-commerce) refers to buying and selling products via the Internet.
The Internet has changed the way people conduct business. The term e-business refers to any business, either physical or electronic, that has established at least a minimal online presence.
When E-commerce became an option, some people considered online businesses a risky venture. This is no longer the case. Today, many consumers shop for clothes, gifts, household items, and even reserve hotels and vacations through e-commerce, helping e-business owners make a living on the Internet.
Thanks to the World Wide Web and Search Engine Optimization (SEO), even small online stores can reach global markets. Web technology can easily track customer preferences and deliver individually-tailored marketing solutions. According to statistics compiled by Forrester Research, the most popular products sold online are software, music, books, and flowers (Insider Monkey 2014).
The World Wide Web is an information space where electronic documents and other resources are collected. The Internet, on the other hand, is the worldwide collection of interconnected electronic documents, records, and resources.
In recent years, as businesses such as Amazon demonstrated the competitive advantages of conducting business online, conventional wisdom in the business world changed, and many business owners recognized that they need to provide their customers with online access to their business if they wished to compete in today’s marketplace.
Today, many physical businesses have a website where they sell their goods and services to online customers. Professionals have discovered that offering online services can be valuable, helping professionals recruit new clients. Existing clients also benefit from online services as they book appointments, check office hours and do a variety of other things at their convenience.
Businesses with an online presence have the ability to attract customers from all over the world and make transactions despite currency differences. This is accomplished by optimizing a business’ website, which means ensuring the website functions smoothly and responds to user requests as quickly as possible. It also means the website has a high ranking on major search engines, making it more likely that online customers can find the website.
To successfully run an e-business, you need to understand various legal options for organizing a business. The four main business organization options are:
- Sole proprietorship
- Partnership
- Coporation
- Limited Liability Corporation
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