E commerce business technology

 Global Journal of Management And Business Research. Section I The article focuses on the advantages and the challenges faced by e-commerce in an emerging economy. The author begins by arguing on the tremendous growth of the e-commerce in an emerging economy. E-commerce precisely refers to electronic business transactions through the internet. Given the immense growth in ICT, business has been channeled towards Business-to-Business e-commerce as it provides customers with a competitive edge in the global market. In most cases, authorities attempt to reduce the internet costs, but the high costs of spreading and operating internet networks hinder the attempts. Another challenge results from the traditional paper rules and regulations of electronic settlements which result in uncertainties in the validity and legality of E-commerce business.

Most of the public and private corporations in developing countries fail to support E-commerce business resulting in credibility issues. Private and public corporations participation is critical to the success of E-commerce business. Section II The concepts presented by the article relate to the coursework concepts about the benefits and challenges of E-commerce digital technology. Public and corporation in electronic commerce help in developing business credibility which is critical to the success of the entire business. Although the textbook highlights lack of appropriate legal and judiciary jurisdictions as a challenge affecting E-commerce business, the article emphasizes that lack of security systems, reliability and communication protocols jeopardize the reliability and validity of electronic transactions. Most of the developing economies lack appropriate security systems which result in loss of money and increased cybersecurity.

Inability to cut down the internet prices is highlighted by the article as another challenge to the E-commerce business. Equally, the book emphasizes that high internet prices affect the efficiency of spreading networks and lead to increased operating expenses which hinder effective reduction of internet prices. Thus, it is upon the emerging economies to develop strategies of keeping low the bandwidth price which will eventually lead to reduced internet prices. E-commerce technology is critical for business organizations because it enhances competitiveness in the global markets and expanding the customer range. Section IV glossary Commerce- refers to buying and selling of goods or services on a large scale. E-commerce- It is the process of buying and selling goods and services on the internet (Mazzarol, 2015).