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What is E-COMMERCE? What does E-COMMERCE mean? E-COMMERCE significance – E-COMMERCE pronunciation – E-COMMERCE definition – E-COMMERCE description – How to pronounce E-COMMERCE?
Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license.
Electronic commerce, frequently written as e-commerce or eCommerce, is the trading or assistance of trading in service or products using computer networks, such as the Web. Electronic commerce draws on innovations such as mobile commerce, electronic funds transfer, supply chain management, Web marketing, online deal processing, electronic information interchange (EDI), stock management systems, and automated information collection systems. Modern electronic commerce usually uses the Internet for at least one part of the deal’s life process, although it might also use other technologies such as e-mail.
E-commerce businesses may employ some or all of the following:.
Online shopping web sites for retail sales direct to customers;.
Supplying or participating in online markets, which procedure third-party business-to-consumer or consumer-to-consumer sales;.
Business-to-business trading;.
Gathering and using group data through web contacts and social networks;.
Business-to-business electronic information interchange;.
Marketing to potential and established consumers by email or fax (for example, with newsletters);.
Engaging in pretail for launching brand-new products and services;.
Online financial exchanges for currency exchanges or trading functions.
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