E-Commerce: its Development and Future Perspectives [Author’s Name] [University’s Name] E-Commerce: its Development and Future Perspectives The role played by electronic devices in supporting business transactions has continuously increased in the last five decades. Initially, the application of electronic systems in business activities solely served the interest of different companies. Such included organizational communication and record keeping that involved internal and business-to-business (B2B) communications. However, the application of such potentials in business-to-consumer (B2C) transactions made the world realize that e-commerce was probably the best way to carry out business (Gangopadhyay, 2012). In sum, electronic commerce (e-commerce) defines all activities performed by electronic devices through various transmission systems designed to deliver information from one point to another. A broader perspective of the use of e-commerce would encompass the Internet, cell phone technology, automated teller machines, (ATMs), electronic tax registers (ETRs), and financial transaction companies like Visa and MasterCard among others (Cashin, 2010). In the future, more consumers and businesses will consider using e-commerce because it reduces costs, assists in overcoming geographical limitations, avails abundant information, and provides room for extensive product comparison. The costs of products and services stand out as the most important elements of any commercial transactions. While consumers […]

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