Thursday, September 27, 2007

E commerce

It is also referred to as EC, e-commerce or ecommerce. It consists first and foremost of the distributing, buying, selling, marketing, and servicing of products or services over electronic systems such as the Internet and other computer networks. The information technology industry might see it as an electronic business application aimed at commercial transactions; in this background, it can involve electronic funds transfer, supply chain management, e-marketing, online marketing, online transaction processing, electronic data interchange (EDI), automated inventory management systems, and automated data collection systems. Electronic commerce typically uses electronic communications technology of the World Wide Web, at some position in the transaction's lifecycle, although of course electronic commerce often depends on computer technologies other than the World Wide Web, such as database, and e-mail, and on other non-computer technologies, such as transportation for physical goods sold via e-commerce.

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