Importance of E - commerce
Importance of E - commerce The term of e - commerce or electronic commerce describes the buying and selling of goods and services over the internet. History of E - commerce 1990 – The first web browser, World Wide Web launches. 1995 – Amazon and eBay launch 1997 – Netflix launches subscription video on demand service. 1998 – PayPal launches online payment system. 2012 – Instacart launches online food ordering and delivery. 2014 – Apple pay launches mobile app payment system. 2015 – Pinterest adds buyable pins. 2017 – Amazon acquires whole foods. 2018 – Walmart acquires Flipkart. Importance of E – commerce Convenience – can shop anytime, anywhere with no geographical locations. Wider selection – E - commerce platforms offer diverse product categories like electronics, apparel and home goods, offering customers access to international and niche brands. Lower cost – Don’t need a physical store. Customers can get discounts and offers and also have the abili...