DEFINE ELECTRONIC COMMERCE

May 29th, 2015
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Academy of Art University
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E-commerce is not just about using new technologies. E-Commerce can also help support profitable business relationships and assist you to more effectively manage and run your business enterprise. This will involve creating more effective external interactions with customers, clients, collaborators and suppliers, but it can also mean improving internal business efficiency and even the emergence of new products and services.

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What is E-CommerceE-Commerce involves the sale or purchase of goods and services over computer networks by businesses, individuals, governments or other organizations. E-commerce builds on traditional commerce by adding the flexibility and speed offered by electronic communications. This can facilitate improvement in operations leading to substantial cost savings as well as increased competitiveness and efficiency through the redesign of traditional business methods.ECommerce is the application of current and emerging information and communication technologies (ICTs) to conduct business. These include existing technologies like landline telephone and fax, but the ICTs offering most scope for small businesses are mobile phones, electronic mail and other Internet-based services.However, E-commerce is not just about using new technologies. E-Commerce can also help support profitable business relationships and assist you to more effectively manage and run your business enterprise. This will involve creating more effective external interactions with customers, clients, collaborators and suppliers, but it can also mean improving internal business efficiency and even the emergence of new products and services.Types of E-commerceE-commerce types represent a range of various schemas of transactions which are distinguished according to their participants.Business-to-Business (B2B)Business-to-Consumer (B2C)Business-to-Employee (B2E)Business-to-Government (B2G) (also k

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