E commerce L 1

When did the history of e-commerce start?

E-commerce started 40 years ago and continues to grow with new technologies and innovations

What were the earliest forms of e-commerce in the 1970s?

• Electronic Data Interchanges (EDI)

• teleshopping.

When did online shopping become possible?

When the Internet was opened to the public in 1991.

Which company was one of the first e-commerce sites to sell products online?

Amazon.com

What network laid the foundation of the modern Internet?

• The ARPAnet an

• TCP/IP

(developed in 1982).

What was introduced in 1993 to secure online transactions?

The first web browser Mosaic, which introduced Secure Socket Layer (SSL) encryption.

the meeting of buyers and sellers on the Internet involving the transaction of goods and services, transfer of funds, and exchange of data.

E-commerce

How much is e-commerce expected to grow?

It is estimated to grow 23% every year and become a $27 trillion industry by the end of the decade

Companies transacting with each other (manufacturers, wholesalers, retailers).

Business to Business (B2B)

Companies selling goods/services directly to consumers (e.g., Amazon, Shopee).

Business to Consumer (B2C)

Consumers selling directly to other consumers (e.g., OLX, Facebook Marketplac).

Consumer to Consumer (C2C)

Consumers offering goods/services to companies (e.g., freelancers on Fiverr, Upwork).

Consumer to Business (C2B)

Products are developed and sold exclusively by one company (e.g., Richelieu Foods).

Private Label model

Retailers rebrand generic products from a supplier.

White Label model

A business model where products are sold online without keeping inventory; suppliers handle shipping.

Drop Shipping

Third-party companies print custom designs (e.g., Printify, Printful).

What is Print-on-Demand

Customers subscribe to receive goods or services regularly (e.g., meal delivery).

Subscription Service

Selling products in bulk at discounted rates, usually B2B but can also be C2C or B2C.

Wholesaling

List the advantages of e-commerce.

• Global reach and accessibility

• Lower transaction and operation costs

• 24/7 convenience

• Faster delivery and communication

List the disadvantages of e-commerce. (HHLSS)

• High start-up costs

• High risk of failure

• Lack of personal touch

• Security and privacy issues

• Shipping and delivery issues