E-Commerce E-Business

E-COMMERCE

Electronic commerce, commonly known as e-commerce or e-comm, refers to the buying and selling of products or services over electronic systems such as the Internet and other computernetworks. Electronic commerce draws on such technologies as 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 the World Wide Web at least at one point in the transaction's life-cycle, although it mayencompass a wider range of technologies such as e-mail, mobile devices and telephones as well.
Electronic commerce is generally considered to be the sales aspect of e-business. It also consists of theexchange of data to facilitate the financing and payment aspects of business transactions.

E-commerce can be divided into:
▪ E-tailing or "virtual storefronts" on Web sites with online catalogs,sometimes gathered into a "virtual mall"
▪ The gathering and use of demographic data through Web contacts
▪ Electronic Data Interchange (EDI), the business-to-business exchange of data
▪ E-mail andfax and their use as media for reaching prospects and established customers (for example, with newsletters)
▪ Business-to-business buying and selling
The security of business transactionsE-BUSINESS

Electronic business, commonly referred to as "eBusiness" or "e-business", or an internet business, may be defined as the application of information and communication technologies (ICT) in supportof all the activities of business. Commerce constitutes the exchange of products and services between businesses, groups and individuals and can be seen as one of the essential activities of anybusiness. Electronic commerce focuses on the use of ICT to enable the external activities and relationships of the business with individuals, groups and other businesses.
The term "e-business" was...