Definition of E-commerce

Definition of E-Commerce

E-commerce is an advanced technology related to commerce and the electronic

media, the computer in particular. It is first important to understand the term

‘business’, which refers to the exchange of goods, items or commodities and

services or applications for money.

A popular definition of business is as follows:

Business is the exchange or the buying and selling of entities (goods or

commodities) on a very large scale involving transportation from one place to

another.

In e-commerce, there is a need for computers and Internet applications

to manage and organize products and services. This concept of using the Internet

to connect with customers, business partners and distributors for business

purposes—as in the case of e-mail—is known as e-commerce or electronic

business.

The terms ‘e-commerce’ and ‘e-business’ are often used interchangeably.

E-commerce deals with the buying and selling of information, products

and services through the computer network.

E-commerce is defined as a business activity which uses an electronic

medium. It also refers to the buying or selling of goods and services without

visiting a store.

E-commerce involves activities, such as the delivery of information,

products, services and payment through the electronic medium.