E commerce Changing the way business operates
... It was apparent that the exchange of information would surely transform our lives and it changed the way business was/is done. Now that information is free-flowing and exchanged on a fairly easy and compatible way, businesses were quick to realize that the Internet could be an important tool to use. ... First, definitions of e-commerce will be presented and how these definitions fit within the realm of finance. Next, some facts and statistics will be discussed that may let us better understand e-commerce and its presence and impact. Third, I would like to see where finance and e-commerce meet and how they are important to each other. ... E-commerce is defined in one instance as the exchanges among customers, business partners, and the vendor. E-commerce can simply mean electronic commerce. Commerce is business and electronic commerce is literally electronic business. ... This definition may help us better grasp how finance and e-commerce are used together. E-commerce seems to encompass three different categories that include: B2C (business to consumers), B2B (business to business), and Internet Economy. Those definitions are a basis of e-commerce and now I can introduce some definitions, concepts, and theories of finance related to e-commerce. The first definition that comes to mind, when talking about e-commerce is globalization. ... All these play a crucial role in e-commerce and need to be dealt with. Some other terms that I will be discussing later in the paper include financial risk, business risk, and financial planning to name a few.