Chapter 5, Problem 1LO

Program Plan Intro

The current status of various forms of e-commerce.

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:

Dollar volume gives information regarding the liquidity of shares. Dollar volume liquidity is the multiplication of average stock price and its average volume. When comparing the dollar volume of B2B and B2C e-commerce in U.S., it is found that the dollar volume of B2B e-commerce is roughly twice than that to B2C e-commerce. In 2013, B2B e-commerce sales within United States was estimated to be $559, whereas as per a prediction done by Forbes, this scale will rise up to 6.7 trillion dollars by 2020 compared to B2C e-commerce Dollar volume which is half the size of its measure at 3.7 trillion dollars.

The major forms of e-commerce which are at boom are B2B e-commerce and B2C e-commerce. It is estimated that B2B firms will be spending more on e-commerce technologies than 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 mobiles will be reaching 70% of e-commerce traffic by end of 2018. The total revenue generated by m-commerce in 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, while e-government refers to government providing its citizens services through online websites. E-government is getting popular day by day and almost in all the developed countries and developing countries government is providing services such as license allotment, tax payment , etc. with the help of e-commerce.