Prepared by, a student of the Accounting and audit group of the “ ”

Independent work on the topic
“The Internet and e-commerce”
prepared by_________________________________, a student of the
Accounting and audit ______group of the
“ ______________________________”
___________________.
Plan:
The Internet and e-commerce
What is the Internet? The Internet (or internet) is the global system of interconnected computer networks that uses the Internet protocol suite (TCP/IP) to communicate between networks and devices. It is a network of networks that consists of private, public, academic, business, and government networks of local to global scope, linked by a broad array of electronic, wireless, and optical networking technologies. The Internet carries a vast range of information resources and services, such as the inter-linked hypertext documents and applications of the World Wide Web (WWW), electronic mail, telephony, and file sharing.

HISTORY OF INTERNET

The word internetted was used as early as 1849, meaning interconnected or interwoven.The word Internet was used in 1974 as the shorthand form of Internetwork.Today, the term Internet most commonly refers to the global system of interconnected computer networks, though it may also refer to any group of smaller networks.

When it came into common use, most publications treated the word Internet as a capitalized proper noun; this has become less common.This reflects the tendency in English to capitalize new terms and move to lowercase as they become familiar.The word is sometimes still capitalized to distinguish the global internet from smaller networks, though many publications, including the AP Stylebook since 2016, recommend the lowercase form in every case.In 2016, the Oxford English Dictionary found that, based on a study of around 2.5 billion printed and online sources, "Internet" was capitalized in 54% of cases.

The terms Internet and World Wide Web are often used interchangeably; it is common to speak of "going on the Internet" when using a web browser to view web pages. However, the World Wide Web or the Web is only one of a large number of Internet services

WHAT IS E-COMMERCE?

• E-commerce (electronic commerce) is the activity of electronically buying or selling of products on online services or over the Internet. E-commerce draws on technologies such as mobile commerce, electronic funds transfer, supply chain management, Internet marketing, online transaction processing, electronic data interchange (EDI), inventory management systems, and automated data collection systems. E-commerce is in turn driven by the technological advances of the semiconductor industry, and is the largest sector of the electronics industry.

HISTORY OF E-COMMERCE

• The term was coined and first employed by Dr. Robert Jacobson, Principal Consultant to the California State Assembly's Utilities & Commerce Committee, in the title and text of California's Electronic Commerce Act, carried by the late Committee Chairwoman Gwen Moore (D-L.A.) and enacted in 1984.
• E-commerce typically uses the web for at least a part of a transaction's life cycle although it may also use other technologies such as e-mail. Typical e-commerce transactions include the purchase of products (such as books from Amazon) or services (such as music downloads in the form of digital distribution such as iTunes Store). There are three areas of e-commerce: online retailing, electronic markets, and online auctions. E-commerce is supported by electronic business. The existence value of e-commerce is to allow consumers to shop online and pay online through the Internet, saving the time and space of customers and enterprises, greatly improving transaction efficiency, especially for busy office workers, but also saving a lot of valuable time.

E-commerce businesses may also employ some or all of the following:

• Online shopping for retail sales direct to consumers via web sites and mobile apps, and conversational commerce via live chat, chatbots, and voice assistants;
• Providing or participating in online marketplaces, which process third-party business-to-consumer (B2C) or consumer-to-consumer (C2C) sales;
• Business-to-business (B2B) buying and selling;[5]
• Gathering and using demographic data through web contacts and social media;
• B2B electronic data interchange;
• Marketing to prospective and established customers by e-mail or fax (for example, with newsletters);
• Engaging in pretail for launching new products and services;
• Online financial exchanges for currency exchanges or trading purposes.

There are five essential categories of E-commerce:

• Business to Business
• Business to Consumer
• Business to Government
• Consumer to Business
• Consumer to Consumer

E-commerce during COVID-19

• Further information: Economic impact of the COVID-19 pandemic
• In March 2020, global retail website traffic hit 14.3 billion visits signifying an unprecedented growth of e-commerce during the lockdown of 2020. Later studies show that online sales increased by 25% and online grocery shopping increased by over 100% during the crisis in the United States.Meanwhile, as many as 29% of surveyed shoppers state that they will never go back to shopping in person again; in the UK, 43% of consumers state that they expect to keep on shopping the same way even after the lockdown is over.
• Retail sales of e-commerce shows that COVID-19 has a significant impact on e-commerce and its sales are expected to reach $6.5 trillion by 2023.

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