COMPUTER APPLICATIONS
E COMMERCE AND E BUSINESS APPLICATIONS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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1960
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1970
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1990
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1940
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Detailed explanation-1: -Development of EC applications started in the early 1970s with electronic funds transfer (EFT), which refers to the computer-based systems used to perform financial transactions electronically. However, the use of these applications was limited to financial institutes, large corporations, and some daring businesses.
Detailed explanation-2: -In the mid-90s, there were major advancements in the commercial use of the Internet. One of the first ecommerce sites was Amazon, which started in 1995 as an online bookstore but grew to become the largest online retailer in the world. Traditional brick-and-mortar bookstores were limited to about 200, 000 titles.
Detailed explanation-3: -E-commerce originated in a standard for the exchange of business documents, such as orders or invoices, between suppliers and their business customers. Those origins date to the 1948–49 Berlin blockade and airlift with a system of ordering goods primarily via telex.
Detailed explanation-4: -1960’s: CompuServe Founded/EDI was Discovered. 1972: Computers Facilitate the First Online Sale. 1976: Online Transaction Processing Introduced. 1979: Electronic Shopping Invented. 1983: Electronic Commerce Acknowledged. 1984: CompuServe Opens the Electronic Mall. 1989: World Wide Web Launches. More items