BIT2112 E-Commcerce
Electronic Commerce is
exactly analogous to a marketplace on the Internet. Electronic Commerce (also
referred to as EC, e-commerce eCommerce or ecommerce) consists primarily of the
distributing, buying, selling, marketing and servicing of products or services
over electronic systems such as the Internet and other computer networks. The
information technology industry might see it as an electronic business
application aimed at commercial transactions; in this context, it can involve
electronic funds transfer, supply chain management, e-marketing, online
marketing, online transaction processing, electronic data interchange (EDI),
automated inventory management systems, and automated data collection systems.
Electronic commerce typically uses electronic communications technology of the
World Wide Web, at some point in the transaction's lifecycle, although of
course electronic commerce frequently depends on computer technologies other than
the World Wide Web, such as databases, and e-mail, and on other non-computer
technologies, such as transportation for physical goods sold via e-commerce.