E-commerce is where people make transactions online. These can range from buying groceries to ordering a new television to booking a holiday. Also, changing a mortgage policy or buying insurance over the internet can be classed as e-commerce.
How it is affect business
In June 2010 it is estimated that £4.4billion was spent online in the UK. This compares to the £3.7billion that was spent last June online in the UK. This shows that more people are using online shopping nowadays as opposed to last year
For the year 2010 e-commerce in the UK is predicted to reach £56billion. In 2001 ecommerce sales in the UK where £1.8 billion. These facts show that there has been an increase of approximately 3000% in 10.
E-commerce sites
Some of the most well known e-commerce sites are Tesco.com, Play.Com and Amazon.com.
Tesco Online is used predominantly for grocery shopping where the customer places an order and then the products get delivered in the next few days.
Play.com is known for selling a lot of computer equipment. This includes CDs, DVDs, Blue-ray discs and video-games.
Amazon has been described as an "online supermarket" in that it is possible to buy almost anything. All the products on Play.com can be found as well as many others. Although some food can be purchased on Amazon, the range of products is not as wide as the range from Tesco.
I will be looking in detail at Amazon because it is a very large business, has the widest range of products and has many features incorporated into the website.
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