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What is Ecommerce

E-commerce (electronic commerce or EC) is the buying and selling of goods and services on the Internet. In practice, this term and e-business are often used interchangeably.

Aspects of e-commerce include:

  • E-tailing or "virtual storefronts" on websites with online catalogs.
  • The gathering and use of demographic data through Web contacts.
  • Electronic Data Interchange (EDI), the business-to-business exchange of data.
  • Business-to-business buying and selling.
  • The security of business transactions.
  • E-commerce or The Virtual Storefront and the Virtual Mall

    As a place for direct retail shopping, with its 24-hour availability, a global reach, the ability to interact and provide custom information and ordering, and multimedia prospects, the Web is a multi-billion dollar source of revenue for the world's businesses. As early as the middle of 1997, Dell Computers reported orders of a million dollars a day. By early 1999, projected e-commerce revenues for business were in the billions of dollars and the stocks of companies deemed most adept at e-commerce were skyrocketing. Web retailing continues to grow.

    Business-to-Business Buying and Selling

    Thousands of companies that sell products to other companies have discovered that the Web provides not only a 24-hour-a-day showcase for their products but a quick way to reach the right people in a company for more information.

    The Security of Business Transactions

    Security includes authenticating business transactors, controlling access to resources such as Web pages for registered or selected users, encrypting communications, and, in general, ensuring the privacy and effectiveness of transactions. Among the most widely-used security technologies is the Secure Sockets Layer (SSL), which is built into Web browsers.

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