what is E-commerce?

what is E-commerce?

                             E-COMMERCE   e-commerce can be defined as maintaining business relationships and selling information, services... 04:36

                             E-COMMERCE

 

e-commerce can be defined as maintaining business relationships and selling information, services and commodities by means of computer telecommunication  networks. although in the vernacular e-commerce usually refers only to the trading of goods and services over the internet, broader economic activity is included. e-commerce consists of business-to-consumer and business-to-business commerce as well as internal organizational and transactions that support for these activities. e-commerce originated in a standard for the exchange of business documents, such as orders or invoices, between suppliers and their business customers. with the introduction of the graphical browser software, such as Netscape and MS internet explorer, accessing the world wide web in 1993, most e-commerce shifted to the internet. in some fields new internet relaters such as the bookseller amazon.com grew up, seemingly overnight to challenge the dominance of traditional relaters. the inlet corporation had sold almost half its $30 billion in a annual computer chips sales directly through its web site by 1999 and planned to move all its sales to the web by the end of 2000. among other innovations that have contributed to the growth of e-commerce are electronic directories and search engines for finding information on the web. these services facilitate the sale of goods, the provision of services such as banking, ticket reservations and stock market transactions and even the delivery of remote education and entertainment. several important phenomena  are associated with e-commerce. the role of geographic distance in forming business relationships is reduced. barriers to entry  into the retail business are lower, as it is relatively inexpensive to start a retail web site. some traditional business intermediaries are being replaced by their electronic equivalents. for example,in developed countries, as airlines have published fare information and enabled ticketing directly over the internet, travel agencies have declined.