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e-Commerce; a
term that refers to the growing retail, service and business to business
industries on the World Wide Web. e-commerce websites facilitate the buying
and selling of goods and services over the Internet. email - Electronic Mail.
Email is by far the most popular activity on the Internet. Email technology
makes it possible to send and receive electronic "letters" almost
instantaneously over the Internet. encryption - The process of scrambling
transmitted data over the Internet. Usually refers to the scrambling of an
e-commerce transaction in which credit card information privacy is assured.
In other words Electronic Commerce means conducting of business communication
and transactions over networks and through computers. As most restrictively
defined, electronic commerce is the buying and selling of goods and services,
and the transfer of funds, through digital communications. However EC also
includes all inter-company and intra-company functions (such as marketing,
finance, manufacturing, selling, and negotiation) that enable commerce and use
electronic mail, EDI, file transfer, fax, video conferencing, workflow, or
interaction with a remote computer. Electronic commerce also includes buying
and selling over the World-Wide Web and the Internet, electronic funds
transfer, smart cards, digital cash and all other ways of doing business over
digital networks.
e-Commerce is classified into business-to-business (B2B) and
business-to-client (B2C) transactions.
Example B2B...
B2B
transactions involve online interactions between distributors, retailers,
suppliers, etc. Through such interaction, information about products, shipment
dates, merchandise levels, purchase orders, etc. is shared. B2B transactions
are faster, cheaper, more accurate, and cost effective.
B2C
transactions can put your
business way ahead of competition by allowing you to sell round the clock!
These transactions are executed through a business-to-client portal. You would
not want to loose an opportunity to sell to an interested buyer simply because
you do not have a business-to-client portal, would you? B2C portal empowers
you to cash in on an opportunity.
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