Electronic commerce, commonly known as (electronic marketing) e-commerce or eCommerce, consists of the buying and selling of products The noun product is defined as a "thing produced by labor or effort" or the "result of an act or a process", and stems from the verb produce, from the Latin prōdūce '(to) lead or bring forth'. Since 1575, the word "product" has referred to anything produced. Since 1695, the word has referred to "thing or things or services A service is the non-ownership equivalent of a good. Service provision has been defined as an economic activity that does not result in ownership and is claimed to be a process that creates benefits by facilitating either a change in customers, a change in their physical possessions, or a change in their intangible assets over electronic systems such as the Internet and other computer networks A computer network is a group of computers that are connected to each other for the purpose of communication. Any computer network is classified on the basis of a wide variety of characteristics. This article provides a general overview of types and categories and also presents the basic components of a network. The amount of trade conducted electronically has grown extraordinarily with widespread Internet usage. The use of commerce is conducted in this way, spurring and drawing on innovations in electronic funds transfer Electronic funds transfer or EFT refers to the computer-based systems used to perform financial transactions electronically, supply chain management Supply chain management is the management of a network of interconnected businesses involved in the ultimate provision of product and service packages required by end customers (Harland, 1996). Supply Chain Management spans all movement and storage of raw materials, work-in-process inventory, and finished goods from point of origin to point of, Internet marketing Internet marketing, also referred to as i-marketing, web-marketing, online-marketing, or e-Marketing, is the marketing of products or services over the Internet, online transaction processing Online transaction processing, or OLTP, refers to a class of systems that facilitate and manage transaction-oriented applications, typically for data entry and retrieval transaction processing. The term is somewhat ambiguous; some understand a "transaction" in the context of computer or database transactions, while others define it in, electronic data interchange Electronic Data Interchange refers to the structured transmission of data between organizations by electronic means. It is used to transfer electronic documents from one computer system to another, i.e. from one trading partner to another trading partner. It is more than mere E-mail; for instance, organizations might replace bills of lading and (EDI), inventory management Inventory is a list for goods and materials, or those goods and materials themselves, held available in stock by a business. It is also used for a list of the contents of a household and for a list for testamentary purposes of the possessions of someone who has died. In accounting inventory is considered an asset systems, and automated data collection systems. Modern electronic commerce typically uses the World Wide Web The World Wide Web, abbreviated as WWW and W3 and commonly known as The Web, is a system of interlinked hypertext documents contained on the Internet. With a web browser, one can view web pages that may contain text, images, videos, and other multimedia and navigate between them using hyperlinks. Using concepts from earlier hypertext systems, at least at some point in the transaction's lifecycle, although it can encompass a wider range of technologies such as e-mail Electronic mail, often abbreviated as email, e.mail or e-mail, is a method of exchanging digital messages. E-mail systems are based on a store-and-forward model in which e-mail computer server systems accept, forward, deliver and store messages on behalf of users, who only need to connect to the e-mail infrastructure, typically an e-mail server, as well.
A large percentage of electronic commerce is conducted entirely electronically for virtual The term has been defined in philosophy as "that which is not real" but may display the salient qualities of the real. Colloquially, 'virtual' is used to mean almost, particularly when used in the adverbial form e.g. "That's virtually [almost] impossible" items such as access to premium content on a website, but most electronic commerce involves the transportation of physical items in some way. Online retailers are sometimes known as e-tailers The word e-tailer is a portmanteau word derived from 'electronic' and 'retailer', in a similar way to 'e-mail'. The word has been in use since at least 1995 and online retail is sometimes known as e-tail. Almost all big retailers have electronic commerce presence on the World Wide Web The World Wide Web, abbreviated as WWW and W3 and commonly known as The Web, is a system of interlinked hypertext documents contained on the Internet. With a web browser, one can view web pages that may contain text, images, videos, and other multimedia and navigate between them using hyperlinks. Using concepts from earlier hypertext systems,.
Electronic commerce that is conducted between businesses is referred to as business-to-business Business-to-business describes commerce transactions between businesses, such as between a manufacturer and a wholesaler, or between a wholesaler and a retailer. Contrasting terms are business-to-consumer (B2C) and business-to-government (B2G) or B2B. B2B can be open to all interested parties (e.g. commodity exchange) or limited to specific, pre-qualified participants (private electronic market A private electronic market uses the Internet to connect a limited number or pre-qualified buyers or sellers in one market. PEMs are a hybrid between perfectly open markets (e.g. exchanges where there is no pre-existing relationship between buyer and seller - similar to eBay) and closed contract negotiations (such as a sealed bid tender, where). Electronic commerce that is conducted between businesses and consumers, on the other hand, is referred to as business-to-consumer An example of a B2C transaction would be a person buying a pair of shoes from a retailer. The transactions that led to the shoes being available for purchase, that is the purchase of the leather, laces, rubber, etc. as well as the sale of the shoe from the shoemaker to the retailer would be considered transactions or B2C An example of a B2C transaction would be a person buying a pair of shoes from a retailer. The transactions that led to the shoes being available for purchase, that is the purchase of the leather, laces, rubber, etc. as well as the sale of the shoe from the shoemaker to the retailer would be considered transactions. This is the type of electronic commerce conducted by companies such as Amazon.com Amazon.com, Inc. is an American-based multinational electronic commerce company. Headquartered in Seattle, Washington, it is America's largest online retailer, with nearly three times the Internet sales revenue of the runner up, Staples, Inc., as of January 2010.
Electronic commerce is generally considered to be the sales aspect of e-business Electronic business, commonly referred to as "eBusiness" or "e-business", may be defined as the utilization of information and communication technologies in support of all the activities of business. Commerce constitutes the exchange of products and services between businesses, groups and individuals and can be seen as one of. It also consists of the exchange of data to facilitate the financing and payment aspects of the business transactions.
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In a metaphorical sense, the electronic commerce business at Target (TGT) is growing up and moving out on its own, although not ...
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