What is it?
E-Commerce, or electric commerce involves the buying and selling of products or services over electronic systems. These include the Internet and other computer networks. The amount of trade conducted electronically has grown massively since the dawn of the Internet, and the rise is set to continue. In order to be competitive, it is an absolute must for most businesses to be involved with some type of E-commerce.
A large percentage of e-commerce is conducted entirely electronically for virtual items such as music downloads and E Books. However most e-commerce involves the transportation of physical items in some way. Online retailers are sometimes known as e-tailers and online retail is sometimes known as e-tail.
The meaning of electronic commerce has changed over the last 30 years. Originally, electronic commerce meant the facilitation of commercial transactions electronically. These included sending commercial documents such as purchase orders or invoices electronically. The growth and acceptance of credit cards, automated teller machines (ATM) and telephone banking in the 1980s were also forms of electronic commerce.
Some common applications related to e-commerce are the following:
Accounting and finance systems
Management Systems Documents, spreadsheets, database Domestic and international payment systems
E-mail and messaging Enterprise and client information reporting Messaging
On-line Shopping Orders and shipment information