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Electronic Commerce
Electronic Commerce (E-Commerce) is exactly analogous to a
marketplace on the Internet. Electronic Commerce (also referred to as EC,
e-commerce eCommerce or ecommerce) consists primarily 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 context, 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 point in the transaction's lifecycle, although of course electronic
commerce frequently depends on computer technologies other than the World Wide
Web, such as databases, and e-mail, and on other non-computer technologies, such
as transportation for physical goods sold via e-commerce.
E-Commerce according to Person Halls book E-Commerce started in 1994 with the
first banner ad being placed on a website.
According to the October 2006 Forrester Research report entitled, "US eCommerce:
Five-Year Forecast And Data Overview, "Nontravel online retail revenues will top
the quarter-trillion-dollar mark by 2011. The driver of this growth? A segment
of the most active Web shopping households that is approximately 8 million
strong. This group of consumers is extremely comfortable with technology and
values convenience above all else in the online retail experience. As retailers
begin to wade through their copious data warehouses and understand the who,
what, when, where, why, and how of this segment, they will benefit from
targeting these customers.Learn E-Commerce, SCHOOLS E-Commerce, COLLEGES
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