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DEFINITION OF E-COMMERCE
?The term "electronic commerce" has evolved from its meager notion of electronic shopping to mean all aspects of business and market processes enabled by the Internet and the World Wide Web technologies. ... E-commerce is just one aspect of e-business like e-franchising, e-mailing, e-marketing. E-business is about using the convenience, availability and world-wide reach to enhance existing business or creating new virtual business. ... Electronic commerce can be defined very narrowly: It can be said to include only business transactions that deal with customers and suppliers, and it is often described in terms of the Internet, implying that there are no other communications alternatives. ... We define electronic commerce as the use of the computer to facilitate all of the firm’s operations.
Approximate Word count = 878
Approximate Pages = 3.5
(250 words per page double spaced)
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