The Foundations Of E-Commerce

E-commerce is defined as the online transaction of business, connecting a vendor or seller and a buyer. Various products and services are being offered, but it’s key cornerstones is that the interactions, deal sign-ups and the payment processes happen online. As reported by www.searchcio.techtarget.com, e-commerce can be divided into the following:

E-tailing or “virtual storefronts” on Web sites with online catalogs

Use of demographic information through Web links

Electronic Data Interchange (EDI)

Business-to-business purchasing and trading (B2B)

A primary facet of e-commerce is online shopping. Online shopping was actually started by Michael Aldrich in 1979. E-commerce has gained a foothold in the today’s world. Almost in each corner of the globe, people have recognized the advancing significance of e-commerce. It led to the development of electronic funds transfer, supply chain management, internet marketing, online transaction processing, electronic data interchange (EDI), inventory management systems, and automated data collection systems.

1. Electronic funds transfer – is the computer-based systems that are employed to perform electronic financial transactions.

2. Supply chain management – is the management of integrated businesses involved in providing products and services to consumers.

3. Internet marketing – is simply put, the marketing of products over the Internet.

4. Online transaction processing – is used to facilitate and handle transaction-oriented applications through data entry and processing.

5. Electronic data exchange – this is the transmission of data among companies or organizations over electronic means.

6. Inventory management systems – it is electronically tracking objects or materials through the use of barcodes, or other automatic identification for the inventory of objects.

Electronic commerce carried on among business is generally called B2B or business-to-business. Meanwhile, electronic commerce conducted between businesses and consumers is called B2C. E-commerce actually falls under the umbrella of e-business and also embraces data exchange for the facilitation of the financial and payment part of business deals and transactions.

Find out more about E-Commerce principles and how you can increase your Company Sales with different Online Marketing strategies.

Related posts:

1. The Foundations Of E-Commerce E-commerce is defined as the online transaction of business, connecting...
2. Online Marketing: The Latest Technique Of Doing Sales Online marketing is a phenomenon also recognized as i-marketing, internet...
3. Online Marketing: Boost Your Company Sales Online marketing is a phenomenon also known as i-marketing, internet...
4. Web Design Ideas You Must Not Use When it comes to web design, there is such as...

Related posts brought to you by Yet Another Related Posts Plugin.