3. MEANING &
DEFINITION
The use of the Internet and the Web to conduct
business transaction.
Online shopping or online retailing is a form of
electronics commerce which allows consumers to
directly buy goods or services from a sellers over
the internet using the web browser.
4. HISTORY
In 1990 Tim Berners- Lee created the first World Wide Web
server & browser.
He is now considered the father of the World Wide Web
It opened of commercial use in 1991.
In 1994 other advances took place , such as online banking
and the opening of an online pizza shop by PIZZA HUT.
5. In 1995, with the introduction of online payment methods, two
companies that we all know of today took their first steps into
the world of Ecommerce. Today Amazon and Ebay are both
amongst the most successful companies on the Internet.
From its humble beginning in 1995 modern Ecommerce has
become the fastest growing area of business, showing continued
growth year after year.
