Electronic Commerce and Electronic Business

To many individuals, the phrase "electronic commerce" means shopping on the part of the Internet known as the World Wide Web (the Web). However, electronic commerce (or e-commerce) also features many other pursuits, such as firms trading with other firms and inner methods that companies use to support their buying, providing, choosing, planning, and other pursuits. Some individuals use the phrase "electronic business" (or e-business) when they are dealing with electronic commerce in this greater context. For example, IBM defines electronic enterprise as "the transformation of key business processes through the use of Internet technologies." Most individuals use the phrases "electronic commerce" and "electronic business" interchangeably. In this site, the phrase electronic commerce (or e-commerce) is used in its largest context and features all enterprise pursuits that use Web technology. Web technologies include the Web, and other technologies such as wifi signals on mobile phones or a tablet PC.

Friday, November 11, 2011

U.S. Online Retail Consumption Jumps 13% In The Third Quarter

Internet shopping continues even if the economy falters as retailers hope to enter the critical holiday shopping of the season on a strong note.

Online retail spending in the U.S. grew by 13 percent in the third quarter compared to the corresponding period a year ago, to $36.3 billion, as more people rely on the Internet to shop, according to a report published on Wednesday, by comScore, Inc., a Reston, Va. - based company in digital analysis.

The results showed of the best types of categories were digital content and subscriptions, tickets, jewelry and watches, consumer electronics and computer software - with each category will increase by at least 15 percent of the previous year.

Solid performance marked the eighth consecutive quarter of positive year after year growth and the fourth consecutive quarter of double digit growth.



"The third quarter of 2011 saw a continuation of the year's strength in U.S. retail e-commerce spending, even in the face of renewed economic headwinds and uncertainty facing the U.S. consumer," said Gian Fulgoni, chairman of comScore. "As we approach the critical holiday shopping season, we are optimistic about the continued health of the e-commerce sector despite other factors -- including stubbornly high unemployment and volatile financial markets -- currently weighing on the economy."

The last time Internet sales rose at a 13 percent clip was for the second quarter of 2008. Online sales have been stable for a return trip in 2008 when the recession prompted an e-commerce sales decline for the first time in history. E-commerce did not begin to grow again until the fourth quarter of 2009.
Growth of 13 percent in the fourth quarter was primarily a function of an increase of 22 percent in the number of buyers, with 74 percent of all Internet users to make at least one purchase online in the quarter, comScore said.

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