E-commerce:
It is electronic commerce, is trading in
products or services using computer networks, such as the Internet. Electronic
commerce draws on technologies such as mobile commerce, electronic funds
transfer, supply chain management, Internet marketing, online transaction
processing, electronic data interchange, inventory management systems,
and automated data collection systems. Modern electronic commerce typically
uses the World Wide Web for at least one part of the transaction's life cycle,
although it may also use other technologies such as e-mail.
E-commerce businesses may employ some
or all of the following:
ü Online shopping web sites for retail sales direct
to consumers
ü Providing or participating in online marketplaces,
which process third-party business-to-consumer or consumer-to-consumer sales
ü Business-to-business buying and selling
ü Gathering and using demographic data through web
contacts and social media
ü Business-to-business electronic data interchange
ü Marketing to prospective and established customers
by e-mail or fax (for example, with newsletters)
ü Engaging in pretail for launching new products and
services.
Business applications:
o Document automation in supply chain and logistics
o Domestic and international payment systems
o Enterprise content management
o Group buying
o Print on demand
o Automated online assistant
o Newsgroups
o Online shopping and order tracking
o Online banking
o Online office suites
o Shopping cart software
o Teleconferencing
o Electronic tickets
o Social networking
o Instant messaging
o Pretail
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