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eBusiness, eCommerce, and eGovernmentĮlectronic Business, or eBusiness, refers to the use of the technology and the Internet to perform the major business processes in an organization. Likewise, sellers use eBay due to the huge number of buyers obtainable and the straightforward process by which eBay is characterized. eBay is headquartered in San Jose, California, and its mission, according to eBay, is to help people trade practically anything on earth.Īs mentioned on eBay’s website, individuals-not big businesses-use eBay to trade items in numerous categories, including collectibles, antiques, sports memorabilia, computers, toys, beanie babies, dolls, figures, coins, stamps, books, magazines, music, pottery, glass, photography, electronics, jewellery, gemstones, and much more.Īs the leading Consumer-to-Consumer (C2C) trading website, buyers are attracted to eBay because of the large amount of content available, the competitive prices that cannot be found elsewhere, and the security and the privacy that eBay offers. It created a new market: efficient one-to-one trading in an auction format on the Internet. eBay is one of the world’s largest personal online trading communities. BackgroundĮBay Inc., (stylized as eBay), is an American multinational corporation and eCommerce company that was founded by Pierre Omidyar in September 1995. eAuction is another example of business models that have become incredibly popular and preferred to the traditional ones due to the convenience that people have found on the Internet. People these days seldom go to bank branches and prefer to use their mobile applications to do their businesses. At the forefront of these services are the business transactions. Buyers usually go to the auctions seeking low prices, whereas sellers normally resort to auctions to get rid of something that cannot be sold elsewhere.īecause of the drastic development of the technology and the convenience that the Internet provides, people have started to utilize the online services to do almost everything. It is a traditional kind of business by which people usually sell and/or buy used products. IntroductionĪn auction is a process of trading products or services by offering them up for bidding, taking bids, and then selling the item to the highest bidder. Keywords: eBusiness, eCommerce, eGovernment, eAuction, B2C, B2B, C2C. Since an eGovernment program, Yesser Program, has already been started in Saudi Arabia, my concentration has been on the eCommerce portion and specifically on the eAuction topic to analyze whether or not there is an opportunity to start a Saudi version of eBay. In fact, the competition has compelled them to find new opportunities online.įor this project, I have researched and investigated the reasons behind the slow eBusiness development in Saudi Arabia.
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On the other hand, organizations have found a new market on the Internet. Another reason is the ability to make comparisons among a wide range of similar products and competitor merchants. From an individual’s perspective, convenience is one important reason why a college student who doesn’t have a car may consider Amazon over Wal-Mart to purchase a new 55-inch T.V. There are many reasons why both individuals and organizations conduct their businesses online these days. Not only theoretically, by adding new terminologies to the business Wiki and archiving numerous financial eBooks on Kindle libraries, but also virtually, by flourishing small businesses and terminating other top market value ones, the Internet, in particular, has redefined the word ‘business’.ĮCommerce “Electronic Commerce” and eAuction “Electronic Auction” are just examples of the effects of the Internet on modern businesses and corporations. The principal reason of this persistent change is, without a doubt, the technology.