5 Questions
Who is credited with inventing the earliest form of e-commerce, enabling online transaction processing between businesses and customers?
Michael Aldrich
What is one of the primary advantages of online shopping compared to in-person shopping?
Convenience
What is one benefit of online shopping in terms of product selection?
Ability to find the exact product in the right size and color
What type of platform do online shopping sites serve as?
Virtual marketplaces
What is one way in which online shopping surpasses the experience of in-person shopping?
Less barriers, more options
Study Notes
Online Shopping
- Online shopping is a form of electronic commerce that allows consumers to directly buy goods or services from a seller over the Internet using a website or a mobile app.
- The concept of online shopping was invented by Michael Aldrich, an English inventor, in 1979.
- Aldrich's invention enabled online transaction processing between businesses and customers, as well as between businesses.
Characteristics of Online Shopping
- Online shopping sites serve as virtual marketplaces where consumers can browse, compare, and buy products online.
- These platforms offer a wide range of products in various categories, such as electronics, fashion, home goods, beauty products, and more.
- Examples of online shopping platforms include Amazon, Wish, eBay, Rakuten, Walmart, AliExpress, SHEIN, and Target.
Benefits of Online Shopping
- Convenience is a major advantage of online shopping, as consumers do not need to physically travel to a store.
- Online shopping provides the satisfaction of precision, allowing consumers to find products in the right size and color with just one click.
- It is a more gratifying experience overall, with fewer barriers and lower costs compared to shopping in person.
Learn about the history of online shopping, its inventor, and how it has evolved over the years. Take this quiz to test your knowledge on the pioneers of e-commerce and its impact on the modern world.
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