These players included yahoo.com, amazon.com, buy.com and ebay.com. Online organizations had to learn how to better protect themselves. Security upgrades were inevitable. However, the idea now was to make "inevitable- come a lot sooner. This attack caused many e-commerce customers to loose confidence in shopping online. However, many analysts noted that this was merely a bump-in-the-road type situation. And on May 10, 2000 the US House of Representatives extended the moratorium on Internet-specific taxes for an additional five years.
Advantages of E-commerce.
In order to further comprehend the successes, failures, and future of e-commerce, we must first explore some basic advantages and disadvantages of this technology. The number one advantage that e-commerce possesses is speed. The Internet and World Wide Web gives businesses opportunities to exchange messages or complete transactions almost instantaneously. Even with the slowest connections, doing business electronically is much faster than traditional modes. Also, practically any item can be found for sale on the Internet; from books and compact disks (from www.amazon.com) to French bread (available from www.sourdoughbread.com). Even more significant is the fact that information appearing on the Internet can be changed very rapidly. This gives business owners the ability to inform customers of any changes to the service that they are offering. This also allows for easy updating of marketing and promotional materials as often and frequently as necessary. .
The second advantage of electronic commerce is the opportunity it offers to save on costs. By using the Internet, marketing, distribution, personnel, phone, postage and printing costs, among many others, can be reduced. Most businesses will save tremendously opening an internet store compared to the cost of opening a physical store. These funds can then be diverted to marketing and advertising of products and services.
