9.Digital Commerce

History of ecommerce

History of ecommerce goes back to the invention of the very old notion of "sell and buy", electricity, cables, computers, modems, and the Internet. Ecommerce became possible in 1991 when the Internet was opened to commercial use. Since then thousands of businesses have taken up residence at web sites. At first the term ecommerce meant "the process of execution of commercial transactions electronically with the help of the leading technologies such as Electronic Data Interchange (EDI) and Electronic Funds Transfer (EFT) which gave an opportunity for users to exchange business information and do electronic transactions". The ability to use these technologies appeared in the late 1970s and allowed business companies and organizations to send commercial documentation electronically.  it took approximately four years to develop the security protocols and according to all available data, ecommerce sales continued to grow in the next few years and, by the end of 2007, ecommerce sales accounted for 3.4 percent of total sales. 

http://www.ecommerce-land.com/history_ecommerce.html

Importance of ecommerce

Ecommerce proved its importance based on the fact where time is essence. In the commercial markets, time plays an important role to both the business and consumers. From the business perspective, with less time spent during each transaction, more transaction can be achieved on the same day. As for the consumer, they will save up more time during their transaction. Because of this, Ecommerce steps in and replaced the traditional commerce method where a single transaction can cost both parties a lot of valuable time. With just a few clicks in minutes, a transaction or an order can be placed and completed via the internet with ease. For instance, a banking transaction can be completed through the Internet within a few minutes compared to the traditional banking method which may take up to hours. This fact obviously proves that Ecommerce is beneficial to both business and consumer wise as payment and documentations can be completed with greater efficiency.

http://webdesign.vinsign.com/what-is-ecommerce-importance.html
Plagiarism guideline

Plagiarism is due to when an individual does mot acknowledge that the work that they have written is not of their work. Can also be known as unauthorised collaboration of work. Work is not see a plagiarism is the individual references with details of where the information comes from. 

Online auctions and tips

Online auctions are places that people can go and order to buy or sell goods or services online for a small fee. Anyone can sell an item and anyone can bid on an item.
https://ethics.csc.ncsu.edu/commerce/auctions/study.php

Tips to online auctions is that:

• One should do research about the product they wish to purchase.
• One should have a limit of how much will be spent.
• Keep their eye on the dead line.
• Pay up quickly to avoid losing the product.
• Last but not least enjoy the experience.