e-commerce

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Related to Electronic commerce: Electronic Data Interchange

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

e-commerce

The buying and selling of goods and services over the Internet.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.

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.

Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson

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.

Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005
References in periodicals archive ?
The consultancy project for this organization concerned further developing its electronic commerce systems, in particular with regard to electronic data interchange links with both large and small hotel chains, and the further development of customer relationship management systems.
The main reason is because electronic commerce basically eliminates the middleman.
Some companies complain of the difficulty in recruiting personnel who are competent in electronic commerce. When a company president finds these technologies beyond his or her capabilities, the lack of competent internal human resources may constitute a formidable obstacle to deployment of electronic commerce.
All glory to electronic commerce! As Martha Stewart rejoiced in a December 1998 Newsweek essay: "The Web gives us younger, more affluent buyers."
"third wave" of electronic commerce, perhaps the key point to
The domain name system is the pillar of electronic commerce, and in e-commerce is more important than the Internet itself.
consulting firm Andersen Consulting between October and December last year, covered 263 companies running Web sites for electronic commerce.
"With IBM, we hope to develop a rational and systematic approach to electronic commerce," said William Podany, ShopKo president and chief executive officer.
John Dickie, a doctoral researcher at the school of law, has been published this week in the book Internet and Electronic Commerce Law in the EU.
The Clinton administration has appointed a new senior advisor to coordinate electronic commerce policy across the various departments of the US government.
Angara provides a fully functional RDBMS that leverages the speed of DRAM access to support today's complex, database- intensive business applications, especially electronic commerce implementations.
"Electronic Commerce for Distribution Channels," a report from the Distribution Research & Education Foundation (DREF), Washington, DC, will have its own dedicated web site at http://www.ec4distributors.com.

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