Fundamentals of Information Systems
8th Edition
ISBN: 9781305082168
Author: Ralph Stair, George Reynolds
Publisher: Cengage Learning
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Question
Chapter 5, Problem 1LO
Program Plan Intro
Understanding current status of various forms of e-commerce.
Expert Solution & Answer
Explanation of Solution
E-commerce is buying and selling of goods or services using electronic medium. There are various forms of e-commerce such as B2B e-commerce, B2C e-commerce, C2C e-commerce and m-commerce. The growth in e-commerce can be credited to the creation of World Wide Web in 1990s. Internet or World Wide Web is commonly used for e-commerce practices. The retail e-commerce sales are expected to grow by 20%. Following graphs shows the retail e-commerce sales worldwide.
The major forms of e-commerce which are at boom are B2B e-commerce and B2C e-commerce. The market of B2B e-commerce is currently double the market of B2C e-commerce. Global sales of B2B e-commerce is expected to reach $7.7 trillion which is double of that of B2C e-commerce. It is estimated that B2B firms will be spending more on e-commerce technologies then online retailers. Among B2C e-commerce category, most sales are seen in the apparel products and then in electronics and home décor. M-commerce is making its way fast in the e-commerce trends. An estimation projects that mobile will be reaching 70% of e-commerce traffic by end of 2018. The total revenue generated by m-commerce in the USA was $700 billion in 2017. C2C e-commerce is least popular among the other e-commerce trends and is increasing at a constant pace.
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Chapter 5 Solutions
Fundamentals of Information Systems
Ch. 5 - Prob. 1LOCh. 5 - Prob. 2LOCh. 5 - Prob. 3LOCh. 5 - Prob. 4LOCh. 5 - Prob. 5LOCh. 5 - Prob. 6LOCh. 5 - Prob. 7LOCh. 5 - Prob. 1.1DQCh. 5 - Prob. 1.2DQCh. 5 - Prob. 1.1CTQ
Ch. 5 - Prob. 1.2CTQCh. 5 - Prob. 2.1DQCh. 5 - Prob. 2.2DQCh. 5 - Prob. 2.1CTQCh. 5 - Prob. 2.2CTQCh. 5 - Prob. 1SATCh. 5 - Prob. 2SATCh. 5 - Prob. 3SATCh. 5 - Prob. 4SATCh. 5 - Prob. 5SATCh. 5 - Prob. 6SATCh. 5 - Prob. 7SATCh. 5 - Prob. 8SATCh. 5 - Prob. 9SATCh. 5 - Prob. 10SATCh. 5 - Prob. 11SATCh. 5 - Prob. 12SATCh. 5 - Prob. 13SATCh. 5 - Prob. 1RQCh. 5 - Prob. 2RQCh. 5 - Prob. 3RQCh. 5 - Prob. 4RQCh. 5 - Prob. 5RQCh. 5 - Prob. 6RQCh. 5 - Prob. 7RQCh. 5 - Prob. 8RQCh. 5 - Prob. 9RQCh. 5 - Prob. 10RQCh. 5 - Prob. 11RQCh. 5 - Prob. 12RQCh. 5 - Prob. 1DQCh. 5 - Prob. 2DQCh. 5 - Prob. 3DQCh. 5 - Prob. 4DQCh. 5 - Prob. 5DQCh. 5 - Prob. 6DQCh. 5 - Prob. 7DQCh. 5 - Prob. 8DQCh. 5 - Prob. 9DQCh. 5 - Prob. 10DQCh. 5 - Prob. 11DQCh. 5 - Prob. 12DQCh. 5 - Prob. 13DQCh. 5 - Prob. 1PSECh. 5 - Prob. 2PSECh. 5 - Prob. 3PSECh. 5 - Prob. 1WECh. 5 - Prob. 2WECh. 5 - Prob. 1CECh. 5 - Prob. 2CECh. 5 - Prob. 1.1CSCh. 5 - Prob. 1.2CSCh. 5 - Prob. 1.1aCSCh. 5 - Prob. 1.2aCSCh. 5 - Prob. 2.1CSCh. 5 - Prob. 2.2CSCh. 5 - Prob. 2.1aCSCh. 5 - Prob. 2.2aCS
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