Electronic Commerce have left us in deep reflection of the bygone past when we used to give long queues in front of stores to obtain any particular product of our choice. Gone are those day! Now we no longer need to go out or even stand with a scorching overhead sun to torment us. The entire shop comes to us at our doorstep at the click of the small mouse.
Internet has really left the world wondering on how life could be made easier and simpler than the rest.
Electronic Commerce, is also called (electronic marketing) e-commerce or e Commerce, comprises the buying and selling of products or services over electronic systems like the Internet and other computer networks. The quantity of trade which is conducted electronically has grown astonishingly with widespread Internet usage. The use of commerce is executed by spurring and drawing on innovations in 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 depends much on the World Wide Web during the transaction lifecycle, although it can include a wider range of technologies such as e-mail as well.
A large proportion of electronic commerce is conducted completely electronically for virtual items such as access to finest content on a website, but most electronic commerce involves the transport of physical items in some way. Online retailers are sometimes called e-tailers and online retail is called as e-tail. Almost all big retailers possess an electronic commerce presence on the World Wide Web.
Electronic commerce that is conducted between two businesses is called business-to-business or B2B. B2B is available to all interested parties (e.g. commodity exchange) or limited to specific, pre-qualified participants (private electronic market). Electronic commerce that is performed between businesses and consumers, on the other hand, is referred to as business-to-consumer or B2C. This is the type of electronic commerce executed by many well known companies such as Amazon.com.
Electronic commerce is basically considered as the sales aspect of e-business. It also comprises the exchange of data to facilitate the financing and payment parts of the business transactions. Electronic commerce or e commerce is thus an art; it is an art because it creates relationship between different groups of people who stays distant apart and may be in diagonally opposite poles of the earth. It is an art of success in the field of business and one of the greatest boon for the
ecommerce providers.
