COPYRIGHT 2007 DonHoo Lee
CCT260 Major Assignment

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