Business/Commerce is an act where buyer and seller agree upon and make transactions each exchanging with some compensation.
E-Commerce is like a shop which is permanently open all the days in the year. This makes the Internet the ideal place to do Business in. Electronic commerce is much broader and encompasses many more business activities than just Web shopping. Some people and businesses use the term electronic business or e-business, when they are talking about electronic commerce in this broader sense.
In addition to buying or selling online, companies engage in many other activities that keep them in business. In many cases, sellers will customize or create a product to a customer's specifications. They must examine their needs, identify products that might meet those needs, and evaluate those products. Next, buyers must order the selected product, arrange for delivery, and pay for the product. In many cases, buyers have to maintain contact with the seller for warranty and other maintenance on the product. When you think broadly about commerce, you see that it can involve individuals, business companies, not-for-profit organizations, and governmental entities as both buyers and sellers.
HISTORY:
Electronic Commerce (or e-commerce) really began as Electronic Data Interchange (EDI), the application-to-application transfer of business documents between computers. Many companies use EDI to exchange business documents. EDI uses telephone lines as a fast, inexpensive, and safe method for sending purchase orders, invoices, shipping notices, and other frequently used business documents. It eliminates the need for sending paper documents via mail, faxes, or telexes. EDI is a major contributor to creating a paperless office environment.
Companies that exchange documents by EDI are called "trading partners". EDI requires that its trading partners evaluate business procedures and invest in and learn about special software and hardware, communications, standards, audit issues, and legal support necessities. EDI does require investment up front.
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E-Commerce is like a shop which is permanently open all the days in the year. This makes the Internet the ideal place to do Business in. Electronic commerce is much broader and encompasses many more business activities than just Web shopping. Some people and businesses use the term electronic business or e-business, when they are talking about electronic commerce in this broader sense.
In addition to buying or selling online, companies engage in many other activities that keep them in business. In many cases, sellers will customize or create a product to a customer's specifications. They must examine their needs, identify products that might meet those needs, and evaluate those products. Next, buyers must order the selected product, arrange for delivery, and pay for the product. In many cases, buyers have to maintain contact with the seller for warranty and other maintenance on the product. When you think broadly about commerce, you see that it can involve individuals, business companies, not-for-profit organizations, and governmental entities as both buyers and sellers.
HISTORY:
Electronic Commerce (or e-commerce) really began as Electronic Data Interchange (EDI), the application-to-application transfer of business documents between computers. Many companies use EDI to exchange business documents. EDI uses telephone lines as a fast, inexpensive, and safe method for sending purchase orders, invoices, shipping notices, and other frequently used business documents. It eliminates the need for sending paper documents via mail, faxes, or telexes. EDI is a major contributor to creating a paperless office environment.
Companies that exchange documents by EDI are called "trading partners". EDI requires that its trading partners evaluate business procedures and invest in and learn about special software and hardware, communications, standards, audit issues, and legal support necessities. EDI does require investment up front.
click here to download more information
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