E-commerce

Electronic commerce is the buying and selling of products over the internet and other computer networks (Nissanof, 2006). Allowing electronic fund transfers, internet marketing and electronic data marketing, E-commerce can be conducted either between businesses (B2B) or between businesses and consumers (B2C) (Miller, 2002). This paper will extensively report on the business activities of such e businesses as Amazon.com, EBay, eCredit and how e commerce is conducted within these businesses.

Amazon.com and eCredit
Amazon.com is an American based electronic commerce global company that has taken the initiative to be a leader in the global market as an online retailer. It has a wide range of product lines like the retail sale of CDs, DVDs, jewelry, musical instruments and there is a separate department dealing with each different line of product. They use the SWOT analysis to capture maintain a high competitive standard, (Amazon, 2010).
ECredit is innovative and has a unique insight in the provision of its services. It has a motive of providing excellent services to its customer who are mainly large and small scale businesses and financial institutions. It grants credit and also monitors the risks involved in the portfolio of these entities. The company also collects accounts receivables and provides a flexible access to many credit bureaus. It also provides portfolio tools that enable businesses and financial institutions it serves to informed decisions through provision of additional information.

Vendio and Escrow.com
Vendio is an online platform that provides a channel for sellers to market their products and reach their prospective buyers, (Vendio, 2010). Not only does it not charge hosting or final value fees, it also allows buyer communication and reception of orders through the platform that it offers free of charge as there are no sign up or subscription fees, (Vendio, 2010). However if a company wants to sell through eBay and Amazon one is charged  10 per month. Vendio generates revenues if the business entity makes money as a percentage of the sales volume.

Escrow.com acts as a third party between the buyer and the seller so as to reduce instances of fraud that would arise in the transactions, (ESCROW, 2010). Escrow.com collects the funds from the buyers and disburses them to the sellers at per the terms of the seller and the buyer. Escrow ensures that the merchandise is received by the buyers before payment for inspection and that the money is received by the sellers when the merchandise is disbursed, (ESCROW, 2010).

Social commerce remains a part of electronic commerce that uses the social media as an interface. It normally supports the process of buying and selling online. It normally uses digital marketing and was introduced in November 2005 by Yahoo.

Conclusion
Many businesses have embraced the use of eCommmerce to pursue their business endeavors (Miller, 2002).this has been facilitated by the fact that this mode of doing business is more cost effective and it tends to be more accessible to a wide range of people. More business entities should engage in this mode of commerce so as to reap the great benefits that it presents (Nissanof, 2006).