Benefits To Consumers That Use e-Commerce
Professor W.E. Simonpietri
Fundamentals of E-Business 107
January 30, 2011
Electronic Commerce consists of buying and selling of products and services over electronic systems, such as the internet and other computer networks. We are now able to conduct business, socialize, and trade in a more innovative way. Electronic Commerce early beginnings started as far back as the late 1970’s with the introduction of Electronic Data Interchange (EDI) and Electronic Funds Transfer (EFT). Later, a researcher named Tim Berners-Lee at the European Organization for Nuclear Research proposed a hypertext-based ...view middle of the document...
The benefit of utilizing e-commerce to a buyer is that it allows them to locate relevant and detailed product information in a matter of seconds, rather than days or weeks. Companies like Amazon and eBay were among the first internet companies to be launched, thus paving the way we do business on the web today.
An additional benefit of e-commerce, to the consumer is convenience. For most, convenience would be considered a major benefit because it offers shopping anytime you want, day or night. The internet plays a major role in our everyday lives. Not only does it provide the convenience of shopping, but also the convenience of paying bills, monitor bank accounts and track shipping on your purchases. There is also the ease of comparing prices of retailers to see which is more affordable. It is also considered a source of entertainment. You can play an online game with a friend in another state or even another country. The joy of surfing the web for movies, music or even unique products that is not available in your local store or your country is very satisfying. People who live in remote locations are extremely happy with introduction of e-commerce as the convenience it offers for shopping online. It has also revolutionized the way we learn in so many ways. In elementary schools there are programs that students can access online at school and at home, which will aid them in the learning process; one such program is called ‘Odyssey’. Adults also have an opportunity for learning online too with the introduction of online programs offered in most colleges.
Because of e-commerce the way we file taxes has changed also. We can now make transfers of funds over the web with ease. With e-filing, filing taxes are so much easier; if you are getting a refund back, by doing electronic deposit to your bank account makes the turn-around time much faster. Mailing in your tax return and receiving a refund could take up to six weeks, provided that all your paperwork filed are intact. Filing electronically has reduced paper usage and also has lessened the turn-around time by four weeks. It is also easier to monitor and track payments. ...