DEFINE ELECTRONIC COMMERCE

May 29th, 2015
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Academy of Art University
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There is no intermediary service. The sale and purchase transaction is completed electronically and interactively in real-time such as Amazon.com for new books. If an intermediary is present, then the sale and purchase transaction is called electronic commerce such as eBay.com. 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 the business transactions.

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E-Commerce:Electronic commerce, commonly known ase-comm,e-commerceoreCommerce, consists of the buying and selling ofproductsorservicesover electronic systems such as the Internet and othercomputer networks. The amount of trade conducted electronically has grown extraordinarily with widespread Internet usage. The use of commerce is conducted in this way, spurring and drawing on innovations inelectronic funds transfer,supply chain management,Internet marketing,online transaction processing,electronic data interchange(EDI),inventory managementsystems, and automated data collection systems. Modern electronic commerce typically uses theWorld Wide Webat least at some point in the transaction's lifecycle, although it can encompass a wider range of technologies such ase-mail, mobile devices and telephones as well.A large percentage of electronic commerce is conducted entirely electronically forvirtualitems such as access to premium content on a website, but most electronic commerce involves the transportation of physical items in some way. Online retailers are sometimes known ase-tailersand online retail is sometimes known ase-tail. Almost all big retailers have electronic commerce presence on theWorld Wide Web.Electronic commerce that is conducted between businesses is referred to asbusiness-to-businessor B2B. B2B can be open to all interested parties (e.g.commodity exchange) or limited to specific, pre-qualified parti

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