History (Early Development) : Electronic Commerce
History (Early Development) : Electronic Commerce
Electronic commerce, commonly %no n as e*commerce or e4ommerce, consists of the !uying and selling of &roducts or services over electronic systems such as the Internet and other com&uter net or%s. It uses the 8orld 8ide 8e!. ' ide variety of ho E*4ommerce is conducted:* +&urring and dra ing on innovations in electronic funds transfer +u&&ly chain management Internet (ar%eting Electronic Data Interchange (EDI) Inventory (anagement systems 'utomated data collection systems Internet mar%eting Online Transaction /rocessing Inventory (anagement +ystems
' large &ercentage of electronic commerce is conducted entirely electronically for virtual items such as access to &remium content on a e!site, !ut most electronic commerce involves the trans&ortation of &hysical items in some ay. Online retailers are sometimes %no n as e-tailers and online retail is sometimes %no n as e-tail. 'lmost all !ig retailers have electronic commerce &resence on the 8orld 8ide 8e!. Electronic commerce that is conducted !et een !usinesses is referred to as !usiness*to* !usiness or 353. 353 can !e o&en to all interested &arties (e.g. commodity e.change) or limited to s&ecific, &re*;ualified &artici&ants (&rivate electronic mar%et). Electronic commerce that is conducted !et een !usinesses and consumers, on the other hand, is referred to as !usiness*to*consumer or 354. This is the ty&e of electronic commerce conducted !y com&anies such as 'ma<on.com.
Electronic commerce is generally considered to !e the sales as&ect of e*!usiness. It also consists of the e.change of data to facilitate the financing and &ayment as&ects of the !usiness transactions.