Ecommerce & EBusiness models

E-Commerce Monica Kraszewski IST 641 E-Commerce E-Commerce revenues have grown substantially over the last several years and according to Jupiter Research (2002), online purchases are expected to grow to $217 billion in the next five years. The US Trade Commission has reported astounding, yet untrue facts regarding the rate of growth and its impact for American businesses. "...the western industrialized nations dominate Internet development and use, by the year 2003 more than half of the material posted on the …

…title to the goods they sell, aggregate those goods for the convenience of buyers, and (because they carry only certain products) in effect advise buyers which to choose. In addition, e-distributors perform a critical service for sellers by reaching hard-to-find buyers, such as small ones. The result, in many cases, is an extra value for buyers and decent profits for sellers." Thus, while there are setbacks the potential organizations in e-commerce only continues to nurture.