E-Commerce
Transcript: And use after the download can start instantly. No wait; when the download finishes, you can start installing or using it. You can order tangible products online to be delivered at your house or prepared when you arrive. By the end of 2012, it is predicted that there will be $1.25 trillion in E-Commerce sales! E-Commerce was invented in 1979 by Michael Aldritch, in the form of online shopping. In 1994, the first online bank opened In 1995, Amazon is published by Jeff Bezos, and eBay is established by Pierre Omidyar In 2002, eBay acquires PayPal, a widely used e-commerce In 2010, Groupon rejects Google's $6 billion offer to establish a very large IPO Textbook http://en.wikipedia.org/wiki/Electronic_commerce http://www.internetretailer.com/2012/06/14/global-e-commerce-sales-will-top-125-trillion-2013 Examples: E-Bay, Steam, PayPal You can also pay bills and taxes as well if they are supported. E-Commerce E-comm is widely used in, for example, software downloads so that you don't need CDs with that nasty shipping and handling. Sources: E-comm is the transaction of purchasing or transmitting money via a network connection. Aaron Griffin