Growing Importance of E-Commerce in Global Market

Abstract

We can define e-commerce simply as doing business electronically.  In this world of new technology businesses need to accommodate to the new types of consumer needs because it is very important for business success. E-commerce enables organization to improve their competiveness. It crosses geographic boundaries, save time and cost. There are many positive impact of e-commerce on many areas and disciplines of business management studies such as marketing, finance, accounting, production and operation management. In our paper we have explained about e-commerce and its different types. We have also explained the future growth and limitations of e-commerce.

Keywords: Transactional Processing System, Management Reporting System, Decision Support System and Executive Support System.