E-Commerce in Malaysia

Topics: Electronic commerce, Marketing, Business-to-business Pages: 2 (501 words) Published: February 21, 2013
Electronic commerce (EC) is the process of buying, selling, or exchanging products, services, or information over electronic systems or computer networks such as Internet. It is the technology that allows transactions and exchanges of digitized information between individuals or organizations. To define e-commerce in a broader way, it is also known as “e-business” that consists of servicing customer, collaborating with business partners, and conducting electronic transactions within an organization.”

E-commerce organizations can be differentiated by brick-and mortar organizations, virtual organizations and click-and-mortal organizations. Brick-and-mortal organizations conduct business off-line, selling products and services in a physical store whereas virtual organizations perform business activities solely online. While click-and-mortal is a type of business model that involves both online and offline operation which usually include a website and a traditional store. E-commerce is classified into six categories which is business-to-business (B2B), business-to-consumer (B2C), business-to-employees (B2E), consumer-to-business (C2B), intrabusiness EC, and business-to-business-to-consumer (B2B2C).

Technology evolved over the years, internet has become indispensable and is truly ingrained in Malaysians’ daily lives and activities. Malaysians spend on average of 20 hours online each week and their internet usage supports the fact that Malaysia has bright future for e-commerce industry. Malaysian internet users use the internet for different purposes such as communicate with one another, online shopping and obtain information for education purpose. According to the Star online, Nielsen Company has conducted a study that Malaysians spent RM1.8bil shopping on the internet last year and, it is expected to grow aggressively in the next few years. The acceptance of up-to-date technology, growing trend for online shopping and increased number of internet users are some...
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