function 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. E-business not only just concentrates on buying and selling, but also servicing customers, collaborating with business partners, and conducting electronic transactions within an organization.

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Chapter-1E-Commerce1.1 IntroductionWith the internet revolution and the World Wide Web, new technologies and methods of carrying out business transactions using the World Wide Web began to be explored. Electronic Commerce emerged as a very important application of the World Wide Web. Today it is difficult to find an isolated computer. Computers in an organization are interconnected to form intranets and Intranets of the cooperating organizations are interconnected to form extranet. It is cheaper and faster to carry out business transactions within an organization and among organizations electronically using the network connection. Electronic commerce is generally considered to be the sales aspect of E-business. E-business not only just concentrates on buying and selling, but also servicing customers, collaborating with business partners, and conducting electronic transactions within an organization. E-commerce has created a new environment in business transactions. It allows consumers to electronically exchange goods and services with no barriers of time or distance. Electronic commerce has expanded rapidly over the past five years and is assumed to continue at this rate. It provides a lot of information to the consumers regarding their interesting products. It also provides a platform for advertisements of products, sale and purchase of products, allow financial transactions etc. E-commerce can be defined as the use of the Internet and the Web to conduct business trans

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