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Electronic business (also known as online business or e-business) is any kind of business or commercial activity that includes sharing information across the internet. [1] Commerce constitutes the exchange of products and services between businesses, groups, and individuals; [ 2 ] and can be seen as one of the essential activities of any business.
Micro businesses in the Philippines can be defined according to the size of assets, size of equity capital, and number of employees. A typical micro business is a business that employs nine people or fewer, with assets of ₱3 million and below. In the Philippines, about 90 percent of all businesses are categorized as micro businesses.
Internet café in the Philippines Worldmap of web browsers in 2015. As of 2013 in the Philippines, 62.43% use Google Chrome, 25.15% Firefox, 6.28% Internet Explorer, 4.13% Safari. [25] In 2022, according to Datareportal and Statista, about two to three of four Filipinos in the Philippines have access to the internet. [4] [26]
Digital banks in the Philippines are a new formal category of banks which were only approved by the Bangko Sentral ng Pilipinas (BSP), the country's central bank, in 2020. [1] The first such banks launched in the Philippines were Tonik, Overseas Filipino Bank, and UnionDigital of UnionBank of the Philippines .
Consumer-to-business (C2B) e-commerce is when a consumer makes their services or products available for companies to purchase. [2] The competitive edge of the C2B e-commerce model is in its pricing for goods and services. This approach includes reverse auctions, in which customers name the price for a product or service they wish to buy ...
The Filipino people also generally show proficiency in American-style English as well as slang, and a strong familiarity with U.S. and European cultures. [1] Today, the Philippines remains a top business process outsourcing (BPO) destination for the estimated $150-billion BPO industry. [2] More than a million Filipinos are employed by call ...
From being the "texting capital of the world," the Philippines has one of the heaviest social media usage globally. The average Filipino spends around 4 hours on social media. Despite most Filipinos wanting to be connected, the Akamai Q3 2016 report states that the Philippines ironically has the second slowest fixed line broadband Internet ...
In the Philippines about 47 to 50% of the population can and has access to the Internet. [5] Initially the Philippines only had BBS (Bulletin board system) access, however after March 29, 1994, the Philippine Network Foundation (PHNet) connected the country to the web via Sprint. As of 2010, 29.3 million Filipinos were using the internet.