This document defines electronic commerce (e-commerce) as the buying and selling of goods and services over the Internet, especially through websites. It notes that e-commerce made up 4% of total global sales from 1999-2008. The document discusses advantages like easy searching and price comparisons, and disadvantages like privacy and delivery issues. It outlines different divisions of e-commerce like e-tailing (online retail), market research, electronic data interchange, email/fax/internet telephony, and business-to-business transactions. It also covers e-commerce security and types like business-to-business (B2B) and business-to-consumer (B2C).

1. e-commerce

2. What is meant? Electronic commerce Buying and selling of goods and services on the Internet, especially the World Wide Web Different from e-business for it solely focuses on buying and selling Considered as the sale aspect of e-business From 1999-2008 sales in e-commerce constitutes 4% of the world total sales

3. Better to be Online! Easy search and retrieval of desired object Ease in comparison between object and shops Less tiring Transcends time Enables the business activity to enter the global market Cuts down cost

4. Better to be Offline! Privacy issue and disclosure of information Perishable goods, NO ENTRY False information Delivery time can be an agony. Spam messages

5. Division of E-commerce E-tailing Also called as electronic retail or e-retail Retailers use Web to sell products and services This division directly refers to the one we see, the 24 hour virtual mall. Amazon.com, Compudata.com, Social Networks

6. Division of E-commerce Market research Ability of companies to gather data from their prospects through registration form, questionnaires or order forms But this is a privacy issue, whether if it is really for market study

7. Division of E-commerce Electronic Data Interchange (EDI) Exchange of business data using an understood data format. Involves data exchange from parties that do know each other EDI is expected to be replaced by one or more standard XML formats such as ebXML

8. Division of E-commerce Email, fax and internet telephony Used as a media to reached prospects and established customers. Internet telephony and fax is usually done in business to business transaction Companies and their email of newsletters to subscribers Opt-in-email allows user to voluntarily receive mail updates

9. Division of E-commerce Business-to-Business Buying and Selling Companies were able to reach the right people in the other company for more information

10. Resources http://searchcio.techtarget.com/definition/e-commerce http://searchcio.techtarget.com/definition/e-business http://en.wikipedia.org/wiki/Electronic_commerce http://www.buzzle.com/articles/advantages-and-disadvantages-of-electronic-commerce-e-commerce.html http://store.steampowered.com/ http://multiply.com Shelly, Gary B. … [ et. al.]. Discovering Computers 2008: Complete. Boston, MA: Thomson Course Technology, 2008.

11. Division of E-commerce The Security of Business Transactions This includes: 1. authenticating business transactors 2. controlling access to resources such as Web pages for registered or selected users 3. encrypting communications Secure Sockets Layer (SSL) is one of the most widely used security technology.

12. Types of Electronic Commerce B2B (Business to Business) Open to all interested parties such as commodity exchange Pre-qualified participants Negotiated contracts as to how much will be bought B2C (Business to Consumer) With intermediary Without intermediary, termed as online shopping (via Multiply) First come, first serve basis

13. Online banking and Online Trading Online banking allows users to pay bills and view their bank accounts and statements from their computers Online trading allows users to invest without using broker, often with a lower transaction fee

14. I am a Billionaire, how can I Spend my Money Online Music, videos, news, sporting events and games.

15. I am a Billionaire, how can I Spend my Money Online Airline, hotel, and car reservations

16. I am a Billionaire, how can I Spend my Money Online Buy stuffs such as clothes, accessories, gadgets etc.

17. I am a Billionaire, how can I Spend my Money Online Health and Medicine