Electronic commerce (E-Commerce),
Definition of Electronic commerce (E-Commerce):
Business conducted through the use of computers, telephones, fax machines, barcode readers, credit cards, automated teller machines (ATM) or other electronic appliances (whether or not using the internet) without the exchange of paper-based documents. It includes activities such as procurement, order entry, transaction processing, payment, authentication and non-repudiation, inventory control, order fulfillment, and customer support. When a buyer pays with a bank card swiped through a magnetic-stripe-reader, he or she is participating in e-commerce.
Electronic commerce or e-commerce (sometimes written as eCommerce) is a business model that lets firms and individuals buy and sell things over the internet. E-commerce operates in all four of the following major market segments:.
Business to businessBusiness to consumerConsumer to consumerConsumer to business.
How to use Electronic commerce (E-Commerce) in a sentence?
- E-commerce is the buying and selling of goods and services over the internet.
- Almost anything can be purchased through e-commerce today.
- I was a fan of electronic commerce and decided to buy all of my items via the internet, instead of the store.
- E-commerce can be a substitute for brick-and-mortar stores, though some businesses choose to maintain both.
- The time traveler from 1970 was astounded to see that in 2015, society had moved almost entirely to electronic commerce , leaving the paper trail of his era as extinct as the dinosaurs.
- You should strive to be great at electronic commerce so that you are selling to many people through the internet.
Meaning of Electronic commerce (E-Commerce) & Electronic commerce (E-Commerce) Definition