E-Commerce

With the astonishing growth of the Internet, many companies are finding new and exciting ways to expand upon their business opportunities. There are very few successful companies that do not use computers in their everyday business activities, which also means there are few companies that do not use e-commerce. To emphasise the point that the effect of the Internet is so widespread in today¡¦s business communities, one online article stated that more than 100000 companies …

…Internet provides businesses with the opportunity to sell their products to millions of people, 24 hours a day.¡¨ (Baxton, 1999) Figure #1 shows the amount of revenues generated by the on the Internet dating back to 1996 as well as estimating possible revenues through the year 2002. With 1998, revenue equalling almost 74 billion dollars and experts predicting that it will climb to as much as 1,234 billion dollars by the year 2002, anyone can see that e-commerce is the wave of the future.