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. The terms e-commerce and e-business are often used interchangeably. The term e-tail is also sometimes used in reference to transactional processes around online retail. The benefits of e-commerce include its around-the-clock availability, the speed of access, a wider selection of goods and services, accessibility, and international reach. Its perceived downsides include sometimes-limited customer service, not being able to see or touch a product prior to purchase, and the necessitated wait time for product shipping.
E-commerce (electronic commerce) is the trading or facilitation of trading in products or services using computer networks such as the internet. E-commerces utilizes mobile commerce, electronic funds transfer, supply chain management, internet marketing, online transaction processing, electronic data interchange, inventory management systems, and automated data collection systems. E-commerce usually uses the World Wide Web for at least one part of the transaction’s life-cycle and can also use email as a platform.
E-commerce transactions occur either business-to-business, business-to-consumer, consumer-consumer, or consumer-to business. E-tail is also a term that is used when referring to transactional processes around online retail. E-commerce uses a variety of applications such as email, fax, online catalogues and shopping carts, electronic data interchange, file transfer protocol, and web services. Most of these applications are business-to-business where most attempt to use email and fax for unsolicited ads. These ads are displayed to consumers and business prospects and can be viewed as spam.
565 views the benefits of e-commerce because of its availability and offering. All around access to e-commerce allows a variety and wider selection of goods, services, and reach. 565 recommends the authentication of business transactions to ensure the security and privacy of e-commerce.