Professional Documents
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Factor
Factor
Internet
Vast collection of computer
network Transport of data and messages From anywhere to anywhere in this world
1993
First Vast Computer Network Silicon Envisioned Chip A 1962 Mathematical 1958 Theory of Memex Communication 1948 Conceived 1945
ARPANET 1969
1995
Copyright 2002, William F. Slater, III, Chicago, IL, USA
WORLD INTERNET USAGE AND POPULATION STATISTICS Population Internet users Internet users Penetration (2009Est.) Dec. 31,2000 Latest data (%population)
Growth 2000-2009
1,392.4 %
User% Of table
3.9 %
991,002,342
4,514,400
67,371,700
6.8%
Source: internet world stat-www.internetworldstat.com/stats.htm Estimated internet user are 1,733,993,741 for sept 30,2009
E-commerce
A business activity that take place over the
electronic network. Facilities 1. Provides global market with no geographical boundaries. 2. Customers have an access to multiple suppliers. and prices and goods &services. 3. Immediate feedback from customers. 4. Provides customer support. 5. Cost effectives, since it is one to one.
Types of e-commerce
Business to business(B2B)-Doing business
between one organization and another organization. Business to consumer(B2C)-Doing business between organization and consumers. Consumer to consumer(C2C)-Sale and buy of product on common site with the help of online market marker.
Summary
The Internet revolutionized ways of doing
business. Entrepreneurs found ways to exploit market failures and earn economic rents. New businesses were created that were not feasible earlier. The transformation is still in process. The evolution continues.
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