Importance of e_commerce

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Electronic commerce, commonly known as E-commerce or eCommerce, is trading in products or

services using computer networks, such as the Internet. Electronic commerce draws on technologies

such as mobile commerce, electronic funds transfer, supply chain management, Internet

marketing, online transaction processing, electronic data interchange (EDI),inventory management

systems, and automated data collection systems. Modern electronic commerce typically uses

theWorld Wide Web for at least one part of the transaction's life cycle, although it may also use other

technologies such as e-mail.

Electronic commerce is generally considered to be the sales aspect of e-business. It also consists of

the exchange of data to facilitate the financing and payment aspects of business transactions. This is

an effective and efficient way of communicating within an organization and one of the most effective

and useful ways of conducting business. It is a market entry strategywhere the company may or may

not have a physical presence.

E-commerce businesses usually employ some or all of the following practices:

 Provide Etail or "virtual storefronts" on websites with online catalogs, sometimes gathered

into a "virtual mall".

 Buy or sell on websites or online marketplaces.

 Gather and use demographic data through web contacts and social media.

 Use electronic data interchange, the business-to-business exchange of data.

 Reach prospective and established customers by E-mail or fax (for example, with

newsletters).

 Use business-to-business buying and selling.

 Provide secure business transactions.

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Electronic commerce, commonly known as?E-commerce?or?eCommerce, is trading in products or services using computer networks, such as the Internet. Electronic commerce draws on technologies such as?mobile commerce,?electronic funds transfer,?supply chain management,?Internet marketing,?online transact ...
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