Features Of E-Commerce Technology
E-commerce has created opportunities and different platforms to transact to millions of buyers and sellers. It has been reported that the increase of e-commerce transactions has grown exponentially during the last decade and it is expected that American consumers would be spending about $419 billion buying services and goods online (Laudon & Traver, 2014).
There are several unique features related to e-commerce. In this paper, we are going to talk about one of them - Global Reach. But globalization didn’t start with the invention of e-commerce, it actually started in the late nineteenth century with the significant drop in prices of transportation and a drop of trade barriers fees (O’Rourke & Williamson, 1999). Since the boom of e-commerce back in 1995, e-commerce allowed commercial transactions and strengthening of commerce in the United States and across the globe more conveniently and …show more content…
These two monsters of e-commerce and on-line retailing are definitely direct competitors being Amazon ahead with the number of visits followed immediately after by eBay (Krishnamurthy, 2004). In this paper, we are going to talk about some differences between eBay and Amazon on a selling perspective and its different barriers to enter.
Despite Amazon.com and eBay.com are direct competitors, they offer different values to their customers and sellers. For example, eBay is seen as an auction house since its core method of selling and buying goods it’s through auctions while Amazon was trying to replicate a catalogue in an on-line format (Krishnamurthy,