March 21, 2010 – 2:30 am
E-commerce is defined as the online dealing of business, connecting a vendor or seller and a buyer. Various products and services are being offered, but it’s key cornerstones is that the interactions, deal sign-ups and the payment processes happen online. According to www.searchcio.techtarget.com, e-commerce can be split into the following:
E-tailing or “virtual storefronts” on Web sites with online catalogs
Utilization of demographic information through Web contacts
Electronic Data Interchange (EDI)
Business-to-business buying and selling (B2B)
An important facet of e-commerce is online shopping. Online shopping was actually started by Michael Aldrich in 1979. E-commerce has made a foothold in the today’s world. Almost in each corner of the globe, people have accepted the increasing importance of e-commerce. It led to the development of electronic funds transfer, supply chain management, internet marketing, online transaction processing, electronic data interchange (EDI), inventory management systems, and automated data collection systems.
1. Electronic funds transfer – is the computer-based systems that are employed to do electronic financial transactions.
2. Supply chain management – is the management of integrated businesses involved in rendering products and services to consumers.
3. Internet marketing – is simply put, the selling of products over the Internet. Read more...
Tags: Business & Finance, cms, E-Commerce, ecommerce, internet marketing, marketing, Online Marketing, web analysis, Web Design, Web Designer, web development
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