e-commerce

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E-Commerce

Commerce conducted over the Internet. For example, an online publisher may sell a book to a customer, ship it to him/her, receive payment, and conduct the entire matter without ever meeting the customer. E-commerce became common in the 1990s with the popularization of the Internet. See also: dot-com bubble.

e-commerce

The buying and selling of goods and services over the Internet.

e-commerce

a method of buying and selling goods and services over the INTERNET. E-commerce is a form of DIRECT SELLING/ MARKETING which enables a supplier to sell direct to the final customer without the need for traditional ‘middlemen’ – wholesalers and store retailers. E-commerce provides sellers with a means of tapping into a mass market; it reduces BARRIERS TO ENTRY so that even small firms can offer their products alongside big name companies; and by eliminating the ‘middleman’ selling costs and prices can be lowered conferring COMPETITIVE ADVANTAGE. Apart from lower prices another attraction for customers is the convenience of being able to ‘shop’ from home rather than have to visit a retail outlet.

The volume and value of transactions conducted via computer and associated networks has grown rapidly from the late 1990s and it is predicted that a large proportion of economic transactions will in future be conducted through electronic commerce. See also E-BUSINESS, CUSTOMER RELATIONSHIP MANAGEMENT.

e-commerce

a method of buying and selling goods and services over the INTERNET. E-commerce is a form of DIRECT SELLING/MARKETING that enables a supplier to sell direct to the final customer without the need for traditional ‘middlemen’ -wholesalers and store retailers. E-commerce provides sellers with a means of tapping into a mass market; it reduces BARRIERS TO ENTRY, so that even small firms can offer their products alongside big-name companies; and by eliminating the ‘middleman’, selling costs and prices can be lowered, conferring COMPETITIVE ADVANTAGE. Apart from lower prices, another attraction for customers is the convenience of being able to ‘shop’ from home rather than having to visit a retail outlet.

The volume and value of transactions conducted via computer and associated networks has grown rapidly from the late 1990s, and it is predicted that a large proportion of economic transactions will in future be conducted through electronic commerce. See also E-BUSINESS.

References in periodicals archive ?
This agreement marks an important step in our Regulatory Outreach Program, which is focused on supporting customers in planning and implementing their m-commerce business strategies, said Lars Arvidsson, Head of Global Sales and Business Partnering, BUSS m-commerce at Ericsson.
It is accompanied by a plethora of statistical information regarding major m-commerce segments in various countries including in India, such as global trend, state in major countries, global m-payment market size and growth, domestic market size of M-Payment and projection of the same in the coming years and, other related information.
M-commerce is still a relatively niche channel accounting for 0.
The M-Commerce initiative by MEF aims to evolve the potential of M-Commerce, address security and privacy issues, while increasing consumer and merchant confidence in mobile payments.
MEF currently has over 80 of its members companies working on M-Commerce across North America, EMEA and South East Asia.
However, m-commerce is still not without its limitations.
Despite this confluence of technology and use, m-commerce has received inadequate attention in the academic arena in terms of empirical research (Peterson et al, 2002).
m-commerce can also be used to help improve business efficiencies, as it can be used to allow employees to access essential business information and applications from any location.
Retailers are also benefiting by the ability to offer instant purchasing using m-commerce applications.
M-commerce trade includes purchasing goods both remotely, as with e-commerce, and at point-of-sale.
In writing this book my objective is to introduce you to the technologies, services, and emerging business models associated with m-commerce, and in the process shed some light on ongoing developments in this fast moving and often confusing area.
Recent studies, however, look for slower-than-expected m-commerce growth.