E-commerce is actually related to a combination of multiple applications. It is widely used to perform business via the internet or electronic systems. E-commerce is like a main gate for any individuals to go deeper into e-business. E-commerce can be divided into:
· E-tailing or "virtual storefronts" on Web sites with online catalogs, sometimes gathered into a "virtual mall"
· The gathering and use of demographic data through Web contacts
· Electronic Data Interchange (EDI), the business-to-business exchange of data
· e-mail and fax and their use as media for reaching prospects and established customers
· Business-to-business buying and selling
· The security of business transactions
E-commerce is performing business on the internet. It involves buying and selling of products or goods and services using electronic systems. E-commerce that is conducted between businesses is also known as business to business (B2B). If it is conducted between business and consumer is known as business to consumer (B2C). E-commerce is considered as the sale aspect of e-business and consist the exchange of payment and finance of the business transaction.
What is the benefit of e-commerce to the public?
E-commerce can save time and money to perform business. Individuals don’t have to actually meet each other to perform the act of buying and selling. By connecting to the internet, individuals can ‘meet’ virtually to perform the act of buying and selling. Furthermore, it makes life easier for the individuals involved in business. Businessman/woman doesn’t have to travel from one place to another to perform their business. Therefore, e-commerce has proved that it is cheaper and more efficient compared to the traditional way to perform business.
E-commerce has made life much easier for those who are involved in the business world. It also reacts as a gateway to other sections such as e-business and e-banking. Technology has influence our lifestyle to perform more work in less time. Therefore, e-commerce and all of it’s component under it is the best answer to adapt to the current lifestyle.
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