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History of Commerce

The Sale of Goods Act 1979 establishes certain statutory rights for consumers in the UK. It is important for consumers to understand their rights under this legislation when making purchases from both physical and online retailers. The Act focuses on providing three main statutory rights for consumers and outlines what consumers are entitled to if these rights are breached. It may apply differently to purchases of second-hand goods, items bought online or via other remote methods, and goods purchased from online marketplaces or auctions.

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0% found this document useful (0 votes)
71 views2 pages

History of Commerce

The Sale of Goods Act 1979 establishes certain statutory rights for consumers in the UK. It is important for consumers to understand their rights under this legislation when making purchases from both physical and online retailers. The Act focuses on providing three main statutory rights for consumers and outlines what consumers are entitled to if these rights are breached. It may apply differently to purchases of second-hand goods, items bought online or via other remote methods, and goods purchased from online marketplaces or auctions.

Uploaded by

Diana Fedele
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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The Sale of Goods Act 1979 is perhaps the most useful and relevant to the problems many consumers

face when they make purchases on the High Street, online or by


mail order. It is worth knowing about this piece of legislation, in terms of what rights you have and how you can resolve the situation, because not all shops can be
relied on to act in an honourable or lawful way.

The main focus of the Act is the provision of three statutory rights, although the act goes on to describe exactly what consumers are entitled to if any of these statutory
rights are breached.

There is some confusion about how the Sale of Goods Act applies to second-hand goods, items purchased on the internet or by mail order, items purchased via a
doorstep sale, or anything bought from an online auction or marketplace. This following sections will cover all these situations, and hopefully give you a better
understanding of how the law protects you and what you must watch out for.

E COMMERCE

History of Ecommerce

One of the most popular activities on the Web is shopping. It has much allure in it — you can shop at your leisure, anytime, and in your pajamas. Literally anyone can
have their pages built to display their specific goods and services.

History of ecommerce dates back to the invention of the very old notion of "sell and buy", electricity, cables, computers, modems, and the Internet. Ecommerce became
possible in 1991 when the Internet was opened to commercial use. Since that date thousands of businesses have taken up residence at web sites.

At first, the term ecommerce meant the process of execution of commercial transactions electronically with the help of the leading technologies such as Electronic Data
Interchange (EDI) and Electronic Funds Transfer (EFT) which gave an opportunity for users to exchange business information and do electronic transactions. The
ability to use these technologies appeared in the late 1970s and allowed business companies and organizations to send commercial documentation electronically.

Although the Internet began to advance in popularity among the general public in 1994, it took approximately four years to develop the security protocols (for example,
HTTP) and DSL which allowed rapid access and a persistent connection to the Internet. In 2000 a great number of business companies in the United States and
Western Europe represented their services in the World Wide Web. At this time the meaning of the word ecommerce was changed. People began to define the term
ecommerce as the process of purchasing of available goods and services over the Internet using secure connections and electronic payment services. Although the
dot-com collapse in 2000 led to unfortunate results and many of ecommerce companies disappeared, the "brick and mortar" retailers recognized the advantages of
electronic commerce and began to add such capabilities to their web sites (e.g., after the online grocery store Webvan came to ruin, two supermarket chains,
Albertsons and Safeway, began to use ecommerce to enable their customers to buy groceries online). By the end of 2001, the largest form of ecommerce, Business-to-
Business (B2B) model, had around $700 billion in transactions.

According to all available data, ecommerce sales continued to grow


in the next few years and, by the end of 2007, ecommerce sales
accounted for 3.4 percent of total sales.

Ecommerce has a great deal of advantages over "brick and mortar"


stores and mail order catalogs. Consumers can easily search
through a large database of products and services. They can see
actual prices, build an order over several days and email it as a
"wish list" hoping that someone will pay for their selected goods.
Customers can compare prices with a click of the mouse and buy
the selected product at best prices.

Online vendors, in their turn, also get distinct advantages. The web
and its search engines provide a way to be found by customers
without expensive advertising campaign. Even small online shops
can reach global markets. Web technology also allows to track
customer preferences and to deliver individually-tailored marketing.

History of ecommerce is unthinkable without Amazon and Ebay


which were among the first Internet companies to allow electronic
transactions. Thanks to their founders we now have a handsome
ecommerce sector and enjoy the buying and selling advantages of the Internet. Currently there are 5 largest and most famous worldwide Internet retailers: Amazon,
Dell, Staples, Office Depot and Hewlett Packard. According to statistics, the most popular categories of products sold in the World Wide Web are music, books,
computers, office supplies and other consumer electronics.

Amazon.com, Inc. is one of the most famous ecommerce companies and is located in Seattle, Washington (USA). It was founded in 1994 by Jeff Bezos and was one of
the first American ecommerce companies to sell products over the Internet. After the dot-com collapse Amazon lost its position as a successful business model,
however, in 2003 the company made its first annual profit which was the first step to the further development.

At the outset Amazon.com was considered as an online bookstore, but in time it extended a variety of goods by adding electronics, software, DVDs, video games,
music CDs, MP3s, apparel, footwear, health products, etc. The original name of the company was Cadabra.com, but shortly after it become popular in the Internet
Bezos decided to rename his business "Amazon" after the world's most voluminous river. In 1999 Jeff Bezos was entitled as the Person of the Year by Time Magazine
in recognition of the company's success. Although the company's main headquarters is located in the USA, WA, Amazon has set up separate websites in other
economically developed countries such as the United Kingdom, Canada, France, Germany, Japan, and China. The company supports and operates retail web sites for
many famous businesses, including Marks & Spencer, Lacoste, the NBA, Bebe Stores, Target, etc.

Amazon is one of the first ecommerce businesses to establish an affiliate marketing program, and nowadays the company gets about 40% of its sales from affiliates
and third party sellers who list and sell goods on the web site. In 2008 Amazon penetrated into the cinema and is currently sponsoring the film "The Stolen Child" with
20th Century Fox.
According to the research conducted in 2008, the domain Amazon.com attracted about 615 million customers every year. The most popular feature of the web site is
the review system, i.e. the ability for visitors to submit their reviews and rate any product on a rating scale from one to five stars. Amazon.com is also well-known for its
clear and user-friendly advanced search facility which enables visitors to search for keywords in the full text of many books in the database.

One more company which has contributed much to the process of ecommerce development is Dell Inc., an American company located in Texas, which stands third in
computer sales within the industry behind Hewlett-Packard and Acer.

Launched in 1994 as a static page, Dell.com has made rapid strides, and by the end of 1997 was the first company to record a million dollars in online sales. The
company's unique strategy of selling goods over the World Wide Web with no retail outlets and no middlemen has been admired by a lot of customers and imitated by a
great number of ecommerce businesses. The key factor of Dell's success is that Dell.com enables customers to choose and to control, i.e. visitors can browse the site
and assemble PCs piece by piece choosing each single component based on their budget and requirements. According to statistics, approximately half of the
company's profit comes from the web site.

In 2007, Fortune magazine ranked Dell as the 34th-largest company in the Fortune 500 list and 8th on its annual Top 20 list of the most successful and admired
companies in the USA in recognition of the company's business model.

History of ecommerce is a history of a new, virtual world which is evolving according to the customer advantage. It is a world which we are all building together brick by
brick, laying a secure foundation for the future generatio

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