Commerce is the exchange of goods and services, especially on a large scale. E commerce adopts the use of technology to meet customer demands and settle transactions. By providing the means to manage and coordinate customer interactions, crm helps companies maximise the value of every customer interaction and in turn improve corporate performance. Electronic commerce is a much broader term encompassing not only edi but also other forms of communication, such as email and electronic bulletin boards. It also pertains to any form of business transaction in which the parties interact electronically rather than by physical exchanges or direct physical contact. Electronic commerce or ecommerce refers to a wide range of online business activities for products and services. The internet economy is a broader concept than ecommerce and ebusiness.
The marketing concept, a crucial change in management philosophy, can be explained best by the shift from a sellers market one with a shortage of goods and services to a buyers market one with an abundance of goods and services. This is the type of ecommerce that deals with relationships between and among businesses. The buying and selling of products and services by businesses and consumers through an electronic medium, without using any paper documents. Electronic commerce e commerce is the marketing, buying and selling of merchandise or services over the internet. These wireless devices interact with computer networks that have the ability to conduct online merchandise purchases. Electronic commerce draws on technologies such as mobile commerce, electronic funds transfer, supply chain management, internet marketing, online transaction processing, electronic data interchange edi, inventory management systems, and automated data. E commerce electronic commerce or ec is the buying and selling of goods and services, or the transmitting of funds or data, over an electronic network, primarily the internet. E commerce application provides users with more options and quicker delivery of products. Electronic commerce or ecommerce has evolved over the years to become a major channel through which businesses can exchange goods and services, coordinate production and market to customers. Edi was primarily developed for high volume exchange of commercial documents in standardized electronic format. It concept also offers practical case evidence and additional resources.
Electronic commerce ecommerce is a type of business model, or segment of a larger business model, that enables a firm or individual to conduct. The most important costsaving aspect of e commerce is the. One variation on the digital cash concept is gifi cash which is a form of ecash. A read is counted each time someone views a publication summary such as the title, abstract, and list of authors, clicks on a figure, or views or downloads the fulltext.
To define and develop an understanding of the nature, scope and use of electronic commerce applications. The internet economy pertains to all economic activities using electronic networks. Transaction of money, funds, and data are also considered as ecommerce. While most people think of ecommerce as business to consumer b2c, there are many other types of ecommerce. In the economic sense, commerce refers to the conduct of trade among economic agents. In this article, ecommerce is understood as part of ebusiness, which also includes, for example,video conferencing. Ecommerce electronic commerce or ec is the buying and selling of goods and services, or the transmitting of funds or data, over an electronic network, primarily the internet. However, in this book we will only use the term ecommerce. Its also called an electronic payment system or online payment system. The standard definition of ecommerce is a commercial transaction which is.
It has also been found that visuals, apart from holding the attention of the student, are also retained by the brain for longer periods. E commerce electronic commerce is the activity of electronically buying or selling of products on online services or over the internet. Emarketing is referred to those strategies and techniques which utilized online ways to reach target customers. This involves the transaction of goods and services, the transfer of funds and the exchange of data.
This revolutionary idea has been coined electronic commerce or e commerce. Definition of electronic commerce and overview of how it operates. These services provided online over the internet network. Mcommerce, which stands for mobile commerce, is part of ecommerce. Comparing ecommerce and ebusiness we come to the subsequent conclusion. A brief definition of this concept would be a type of business model, or segment of a larger business model.
In a nutshell, e commerce is just the process of buying and selling produce by electronic means such as by mobile applications and the internet. The research throws light on the concept of green marketing as a. For businesses, ecommerce can provide a larger consumer base and, thus, the potential for greater profit. Thecrec centerfor researchin electronic commerce at the universityof. Read this article to learn about the meaning, advantages and disadvantages of ecommerce. Definition of ebanking electronic banking, also known as electronic funds transfer eft, is simply the use of electronic means to transfer funds directly from one account to another, rather than by cheque or cash. It also pertains to any form of business transaction in which the. Electronic commerce ecommerce is a type of business model, or segment of a larger business model, that enables a firm or individual to conduct business over an. Electronic commerce ecommerce is a general concept covering any form of business transaction or information exchange executed using information and communication technologies icts.
Ecommerce is widely considered the buying and selling of products over the internet, but any transaction that is completed solely through electronic measures can be considered ecommerce. The e commerce notes pdf ecommerce pdf notes book starts with the topics covering electronic commerceframe work, consumer oriented electronic commerce, electronic payment systems, inter organizational commerce. Mobile e commerce m commerce is a term that describes online sales transactions that use wireless electronic devices such as handheld computers, mobile phones or laptops. There are millions of internet users that daily access different websites using a variety of tools like computers, laptops, tablet and smart or android phone devices, and the number of internet users are increasing very rapidly. Ecommerce or electronic commerce means buying and selling of goods, products, or services over the internet. E commerce allows for a faster and more open process, with customers having greater control. This definition explains the meaning of ecommerce, or electronic commerce, and how it has impacted the traditional methods of buying and selling goods.
While teaching can be based in or out of the classrooms, the use of computers. Ebusiness includes all aspects of online business activity. Ecommerce is also known as electronic commerce or internet commerce. Ecommerce takes place between companies, between companies and their customers, or between companies and public administrations. It includes legal, economic, political, social, cultural and technological systems that operate in a country or in international trade. This type of commerce utilizes user ratings, referrals, online communities and social advertising to facilitate online shopping. Introduction to ecommerce in ecommerce concepts tutorial. Ecommerce, also known as electronic commerce or internet commerce, refers to the buying and selling of goods or services using the internet, and the transfer.
And the term ecommerce obviously is more widespread. Elearning offers the ability to share material in all kinds of formats such as videos, slideshows, word documents and pdfs. So when you log into your amazon and purchase a book, this is a classic. Electronic commerce is a relatively new concept that crept into the business vocabulary during the 1970s. B2b ecommerce is simply defined as ecommerce between companies. The fast and dramatic changes in information technology specially in last one decade has given new concept of marketing in which buyer and seller do not see each other face to face nor see the goods physically. Definition of ebanking electronic banking, also known as electronic funds transfer eft, is simply the use of electronic means to transfer funds directly from one account to another, rather than by. A learning system based on formalised teaching but with the help of electronic resources is known as elearning. In this business model, an entrepreneur does not need to have a physical premise. This concept provides an explanation of what ecommerce is, how it can be applied and managed, and how companies can assess its major opportunities, limitations, issues, and risks. E commerce pdf notes e commerce notes pdf, lecture notes. These business transactions occur either as businesstobusiness, businesstoconsumer, consumertoconsumer or consumertobusiness.
The name is selfexplanatory, it is the meeting of buyers and sellers on the internet. Content from this work may be used under the terms of the creati ve commons attribution 3. Emarketing advantages and disadvantages of emarketing. At first, closely linked the confusion was unavoidable most of the time to the concept. It encompasses the entire scope of online product and service sales from start to finish. Sale of products or services from a business to the general public p. Is the internet economy synonymous with ecommerce and ebusiness.
Pdf electronic commerce is a relatively new concept that crept into the business vocabulary during the 1970s. E commerce makes information on products and the market as a whole readily available and accessible, and increases price transparency, which enable customers to make more appropriate purchasing decisions. Various sectors, including agriculture, medicine, education, services, business, and government setups are adapting to the concept of elearning which helps in the progress of a nation. Ecommerce electronic commerce is the buying and selling of goods and services, or the transmitting of funds or data, over an electronic network, primarily the internet. Ecommerce means buying and selling of goods, products, or services over the internet. Introduction to ecommerce 1 learning objectives c to understand the complexity of ecommerce and its many facets. Have your paycheck deposited directly into your bank or credit union checking account. Ecommerce and ebusiness are application forms of the internet economy. There are millions of internet users that daily access different. Ecommerce has hugely increased in popularity over the last decades, and in ways, its replacing. Ecommerce i about the tutorial ecommerce or electronics commerce is a methodology of modern business, which addresses the requirements of business organizations.
An epayment system is a way of making transactions or paying for goods and services through an electronic medium, without the use of checks or cash. In 2001, we already had over 300 million internet users worldwide. Ecommerce refers to both online retail and online shopping as well as electronic transactions. Ecommerce is a narrower part of ebusiness dealing with the purchase and sale of goods and services over the internet, including support activities such as marketing and customer support. A more general definition of ecommerce is given by wigand 1997 as. Electronic commerce draws on technologies such as mobile commerce. It can also allow sellers to conduct business without ever opening a brickandmortar store. Ecommerce tools include computer platforms, applications, solutions, servers and various software formats manufactured by ecommerce. The potential savings of transaction costs from e commerce are substantial. Electronic commerce is a powerful concept and process that. E commerce is a popular term for electronic commerce or even internet commerce. It can be broadly defined as the process of buying or selling of goods or services using an electronic medium such as the. These business transactions occur either as businesstobusiness b2b, businesstoconsumer b2c, consumertoconsumer or consumertobusiness.
However, mcommerce only includes activities in which the user has a smartphone or other. E commerce its concerned with systems and business processes that support creation of information sources effective and efficient interaction among producers, consumers, intermediaries and sellers movement of information on global networks types of e. The high rate of growth of business carried over internet has made it synonymous with the whole phenomenon of ecommerce. Ecommerce electronic commerce is the activity of electronically buying or selling of products on online services or over the internet. This type of commerce utilizes user ratings, referrals, online communities and. Introduction to ecommerce in ecommerce concepts tutorial 26. The fast and dramatic changes in information technology specially in last one decade has given new concept. Here you can download the free lecture notes of e commerce pdf notes ec notes materials with multiple file links to download. E commerce involves emerging electronic technologies such as. By harnessing the power of the internet, electronic commerce has changed the way in which organisations conduct business. E marketing is referred to those strategies and techniques which utilized online ways to reach target customers. What is ecommerce in hindi basic information for beginners. Electronic commerce or e commerce has evolved over the years to become a major channel through which businesses can exchange goods and services, coordinate production and market to customers. E commerce is widely considered the buying and selling of products over the internet, but any transaction that is completed solely through electronic measures can be considered e commerce.
Concepts such as ebusiness, ecommerce, in ternet economy. A form of electronic commerce which uses social networks to assist in the buying of selling of products. Customer relationship management crm is a way to identify, acquire, and retain customers a business greatest asset. E commerce application provides users with more options to compare and select the cheaper and better options. A picture of electronic commerce is emerging in which the internet will become the. However, in this book we will only use the term ecommerce, because every business transaction finally is involved in selling or buying of products or services. An introduction to electronic commerce international journal of. Thecrec centerfor researchin electronic commerce at the universityof texashas developed a conceptual framework for how the internet economy works.
212 682 456 964 380 634 1055 66 1493 1112 1086 857 462 91 140 231 412 366 117 554 969 1243 1190 1109 535 1373 69 316 1445 449 854 21 1197