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 ?
Digital Foodie, a Finnish startup based in Helsinki, has been working together with the Helsinki Co-operative Society Elanto of S Group, to turn the walls of some of the busiest commuter locations in the capital into virtual stores.
Once installed, consumers can visit the virtual store - a visual representation of the store shelves they are used to - scan the product QR codes and check out on their phone.
The Virtual Store (which takes the audience round a 3D store and advises how to improve the shopping experience for customers and the bottom line for retailers) concluded: "Yes
With our virtual store, we've created new distribution points that previously didn't exist, allowing consumers to instantly shop for everyone on their holiday list -- just by using their mobile," commented Robert Price, Managing Director, Twentieth Century Fox Home Entertainment.
The long awaited launch of The Sharper Image virtual store has arrived
GuestLogix Inc (TSX-V:GXI), a provider of on-board retail systems to the airline industry, has added support for in-flight broadband connectivity to its Mobile Virtual Store solution.
The shelves of a virtual store are being stocked ready for its debut as the centrepiece of Convenience Retailing Show, organised by The Grocer publisher William Reed.
The company's quantitative metrics deliver breakthrough insights that facilitate the creation and optimization of advertising, packaging, media content, online marketing, and both the live in-store and virtual store shopping experiences.

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