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Electronic Commerce

Electronic commerce, also known as e-commerce, refers to the marketing, distribution, sale, and exchange of products and services via the Internet and encompasses a multitude of web-based (often called virtual) commer cial transactions. Through e-commerce, funds are transferred, supply chains are managed, and data are collected. E-commerce depends on and is the result of the application of new technologies to traditional forms of business. The commercial transactions that result are considered virtual or simulated—in contrast with the traditional, or “real,” brick-and-mortar transactions—because they take place invisibly. The e, for electronic, reflects the technological systems that facilitate commerce, and e-commerce thus entails the complete network of systems and processes that enable commercial transactions to take place electronically via the Internet.

E-commerce is a vehicle through which businesses ...

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