Introduction to the E-Commerce
o Moving from the “Traditional Economy” that emphasized on physical manufacturing of goods, to the “New Economy” where companies concentrate more on knowledge and information.
o Key to the new economy : “E-Commerce”
E-Commerce: electronic commerce, an electronic transmission medium to engage in the exchange, including buying and selling, of products and services requiring transportation.
o It brought
- A tougher business competition
- Creation of new marketplaces
- Faster speed of transactions
- Rapid growth in technologies
- The nature of the leadership
o E-Commerce is now mandatory for today’s business
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