Electronic commerce, commonly known as e-commerce, is the buying and selling of product or service over electronic systems such as the Internet and other computer networks. 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 may encompass 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 the exchange 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 and social media
- Electronic Data Interchange (EDI), the business-to-business exchange of data
- E-mail and fax 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 transactions
Read more about Electronic Commerce: Business Applications, Governmental Regulation, Forms, Global Trends, Impact On Markets and Retailers, Distribution Channels
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... See also Digital signatures and law Australia - Electronic Transactions Act 1999 (which incorporates amendments from Electronic Transactions Amendment Act 2011 ... Law of the People’s Republic of China on Electronic Signature (effective April 1, 2005) Costa Rica - Digital Signature Law 8454 (2005) Croatia 2002, updated 2008 Czechia – Zákon o elektronickém podpisu 227/2000 ... European Union - Electronic Signature Directive (1999/93/EC) - detailed information on implementation within the EU is set out in the Digital Signatures and the Law ...
... E-commerce has grown in importance as companies have adopted Pure-Click and Brick and Click channel systems ... must set up and operate their e-commerce websites very carefully ... existing companies that have added an online site for e-commerce ...
... See also Shetab Banking System, Retail industry in Iran, E-commerce and intellectual property in Iran, and E-trading in the Tehran Stock Exchange Iran is presently implementing a bar code ... Iran's electronic commerce will reach 10,000 billion rials ($1 billion) by March 2009 ... Since, it has been at the forefront of expansion and enhancement of electronic banking ...
... Digital work flows (or business process management) electronic commerce - business-to-business electronic commerce (B2B) or business-to-consumer electronic commerce (B2C ...
Famous quotes containing the words commerce and/or electronic:
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