Role of E commerce

May 29th, 2015
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Abilene Christian University
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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.

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E-commerceElectronic commerce, commonly known ase-commerce, is a type of industry where buying and selling of product or service is conducted over electronic systems such as the Internet and other computer networks. Electronic commerce draws on technologies such asmobile commerce,electronic funds transfer,supply chain management,Internet marketing,online transaction processing,electronic data interchange(EDI),inventory management systems, and automateddata collectionsystems. Modern electronic commerce typically uses theWorld Wide Webat least at one point in the transaction's life-cycle, although it may encompass a wider range of technologies such as e-mail,mobile devicessocial media, and telephones as well.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.E-commerce can be divided into:E-tailing or "virtual storefronts" on websites with online catalogs, sometimes gathered into a "virtual mall"The gathering and use of demographic data through Web contacts and social mediaElectronic Data Interchange (EDI), the business-to-business exchange of dataE-mail and fax and their use as media for reaching prospective and established customers (for example, wit

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