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Essay / Research Paper Abstract
A 11 page paper that discusses the opportunities e-business and e-commerce provide to companies with an emphasis on production and transactions. The paper begins with definitions of 'e-commerce' and 'e-business' and a description of the two major types of e-commerce businesses conduct. Statistical data about Internet sales and revenues are included for the U.S., the UK and the EU. Data regarding business-to-business e-commerce are also reported. The rest of the paper explores and investigates the many advantages and benefits derived from e-business and e-commerce, including the potential reduction in production costs and increased revenues through more business transactions. Bibliography lists 20 sources.
11 pages (~225 words per page)
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Unformatted sample text from the term paper:
Before presenting data to illustrate the growth of the electronic economy, clarification is needed: * Electronic Commerce (e-business). Laudon and Travor explain that e-business involves: a.) Digitally enabled commercial
transactions between organizations and individuals; b.) Digitally enabled transactions include all transactions mediated by digital technology; and c.) Commercial transactions involve the exchange of value across organizational or
individual boundaries in return for products or services (Laudon and Travor, nd). * Electronic Business (e-commerce). Laudon and Travor also explain that e-business involves: a.) Digital enablement of transactions
and processes within a firm, involving information systems under the control of the firm; and b.) E-business does not involve commercial transactions across organizational boundaries where value is exchanged
(Laudon and Travor, nd). There are basically two types of e-commerce where businesses are concerned: business to consumer and business to business, the latter typically is referred to as B2B.
The technology infrastructure at a company allows it to pursue e-commerce or e-business or both (Laudon and Travor, nd). In terms of Internet infrastructure, people are mastering the practice
of digital communications and computing technology while more advanced processes are being developed (Laudon and Travor, nd). The new digital technology provide businesses with "new ways of organizing production and
transacting business" (Laudon and Travor, nd). E-commerce is not restricted or constrained by geographic boundaries; this is the gate to the global marketplace (Laudon and Travor, nd). Morgan Harting, the
manager of KPMG Consulting Electronic Commerce practice, argued that the businesses who establish a business-to-business Internet site will achieve "significant liquidity and become an integral part of procurement and sales
in companies of all sizes and in every major world market. B2Bs are bringing markets closer to the ideal worlds described in classical economic textbooks of commerce that is free