Comparison of an Industry :: essays research papers

With the profits fast becoming the program of the day for conducting commercial activities and fear transactions, it is important for companies to take advantage of learning communication technologies, electronic work, mobile computing, and software agents. Internet technologies bring roughly opportunities for automating customer transactions, internal condescension processes, as well as business collaborations with associate companies or alliance members for both B2C and B2B e-commerce activities. Electronic commerce, simply put, is the fill in of money for goods and go via electronic means. In other words, electronic commerce is when a consumer purchases something off of the Internet. Electronic commerce is often referred to as e-commerce, or e-business which is a subset of e-commerce. E-business can be anything from purchasing a toaster from a department store online to checking your bank statement online. All are examples of the umteen aspects of e-business. In todays business world, e-business activities of various(a) types contribute significantly to the efficiency of business processes, and to the recognition of products and services. The Internet plays a very important role in this process, as it offers numerous possibilities for communication with customers and performance of business activities. No enquire it has become a tool used daily by suppliers of products and services, as well as their users. For example a growing number of companies in the travel industry make use of the Internet platform as virtual shops for marketplaceing and selling travel products and services. Web travel gross sales has almost doubled annually for the past three years. In 2003, Internet online sales reached 10% of the total bookings and business transactions of the travel industry, including the airlines, hotels, and railway car rental companies. The followings are indications of the current trends, activities and features1. Many hotels have set up their ow n Web sites to market and sell their hotel rooms (e.g. Holiday Inn, Sheraton Hotels, and the Marriott chain). nearly sites allow visitors to check rates and availability, make qualifications, and receive a hitch number within a minute or so of the reservation request.2. Airlines are selling tickets via their Internet portal at reduced prices.3. automobile rental companies do not hesitate in putting up Web sites to handle reservations (e.g. Hertz, Avis).4. Travel companies compete with one another and various Internet travel portals by offering their own Internet e-shops that market their travel packages as well as provide reservation services for airfares, lodgings, and various travel products.