In an e-commerce performance framework is important to identify the key performance indicators that measure success and together provide the greatest context into the business performance. Shopping carts are an essential part of ecommerce, a minimal set of key performance indicators being the subject of our debate. The theoretical approach is sustained by a case study, an e-shop implemented using PHP and MySQL, for simulating main business processes within the considered performance framework. Our approach opens a perspective for future research using additional indicators in order to properly evaluate the global performance of any e-shop.
Economic sciences have known a spectacular evolution in the last century; beginning to use axiomatic methods, applying mathematical instruments as a decision-making tool. The quest to formalization needs to be addressed from various different angles, reducing entry and operating formal costs, increasing the incentives for firms to operate formally, reducing obstacles to their growth, and searching for inexpensive approaches through which to enforce compliancy with government regulations. This paper proposes a formalized approach to business growth, based on mathematics and logics, taking into consideration the particularities of the economic sector.
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