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eBook details

• Title: Electronic Commerce Within the Context of Globalization (Report)
• Author : Annals of DAAAM & Proceedings
• Release Date : January 01, 2010
• Genre: Engineering,Books,Professional & Technical,
• Pages : * pages
• Size : 61 KB

Description

1. PRELIMINARY SPECIFICATIONS The unprecedented development of information technology determined by rapid storage and transmission of information at the lowest cost has revolutionized global trade, which in turn triggered the emergence and development of new forms and ways of commercial contracts. As a result of growing economic and therefore market globalization, electronic commerce is increasingly emerging as an entity, a phenomenon that involves multiple connotations and interpretations from the part of the company but is also expanding rapidly in many areas of social and economic life. Currently, electronic commerce has become a key component of development policies, the term becoming synonymous with profit growth. From the juridical point of view, the Internet is the place where people can perform transactions, salesacquisitions, insurance, services, financial, banking and economic operations, etc., therefore, the Internet has become a propitious commercial environment requiring its own regulations, new legislative approaches that should encourage and develop but also protect itself as well as those who are involved in electronic commerce. Mutations that have occurred in technological development and marketing especially in electronic-based product trading as well as in the continuous environmental and demographic change, particularly in terms of lifestyle change and reduced household time, have strongly favored electronic based sales which are going to further increase on a steady basis. Therefore, e-commerce can be defined as a new post-modernist method that identifies the traders', businesses' and consumers' attempts to reduce the expenditure, the time for goods and services delivery as well as to improve their quality (Schianu, 2001).

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