E-BUSINESS HISTORY

The business in the history used to be the most difficult where there was no medium of the telecommunication and the technologies so the businesses were only limited to the fixed small sizes due to the restriction of the capacity of the people for the control due to lack of resources. But the time has changed and so has the technology. With these changes people did a expansion of the business to the worldwide level at the current period of the time. And the term e-business is not a new term for most of the peoples. The term e-business was first started by IBM corporation marketing team then on after 1990 we are involved in e-business directly or indirectly and with or without knowledge of doing it. The term e-business is the short term of ELECTRONIC BUSINESS. As the name states the business is done electronically through different method of the internet. The customer and the partners and the third parties are dealt with the computer for example: buying the commodities, selling, customer services etc. are made easy.
There are many benefits of the e-business and that the technology is being advanced each day. The e-business has helped people to save many things. First of all comes the time that has been saved for the travel and that means a lot in the modern world where people have a lot of competition on every business. So the company now spent a lot less on the travel time that was used for the meeting and other important aspects that need the personal chat. Besides time the people also save the money that was used for the travel at the same time. The money for the travel expenses and the fooding and living costs are now reduced by the e-commerce. All the people also are switching to e-commerce to buy the daily nessicity commodity as well and that means people are now switching for the easy alternative for the hard way to travel and get all the services. This also means that the future of the e-commerce is very bright in the future and this can make a lot of money.


http://www.unibw.de/ebusiness/home/history/