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.
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 ?
Given that the South Korean on-the-go customer places much greater value on convenience than on low prices, Tesco Homeplus may have been enticed to increase product prices through their virtual store channel.
"The First virtual store in the Seoul subway was a great success with customers and has paved the way for the opening of these new stores at bus stops.
The Kinset shopping browser utility needed for Brookstone's 3-D virtual store can be downloaded for free by visiting the same Web site.
Similarly, the retail industry is gearing up to introduce "video kiosks" where you'll be able to ask virtual store representatives questions about the products the store sells--maybe even take a "virtual tour" of the store before you go inside.
As of January, Second Life residents, or avatars, were able to shop via real-life) credit cards for brands like Sears and Circuit City, which have opened up virtual stores (or islands) in the online environment.
With two manufacturers on board, the trio was ready to launch the virtual store. Initial front-end costs for the Web site and for down payments on a minimum inventory of spas with each of the two wholesalers came to more than $100,000, says Rakow.
This virtual store sells everything from its namesake snacks to books, videos and music.
But for the shoppers of Birmingham, a virtual store is no substitute for the hands-on experience of milling with the crowds to search for bargains.
Instead of building private virtual stores for Merck or Singulair or Saturn or others one at a time, we're about to build a virtual store for 1,000 companies to shop in.
Developing a Website that is a virtual store (rather than just a catalog) may present a different challenge.

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