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 ?
There is no doubt in our mind that digital commerce will only evolve to better serve businesses and their customers, and that the fastest, most accurate enterprise products will most likely be the results of open-source collaboration.
MATRIXX Software delivers an innovative digital commerce solution that enables always-on customer engagement.
The other credit unions that implemented the Visa Digital Commerce App were: A+ Federal Credit Union (Austin, Texas, $1.
Gartner advises digital commerce providers to invest
Mozido delivers trusted digital commerce and payment solutions globally.
The Qpass end-to-end digital commerce infrastructure provides Factiva with a fully outsourced solution for transaction processing, customer registration and customer care functions to support direct digital content sales from its Publication Library via the Internet.
In the past, online transactions for digital product purchases differed little from physical product purchases, with the exception of the delivery method," Market Overview: Digital Commerce Solutions 2011, Forrester Research, Inc.
Persistence Market Research's report, titled "Digital Commerce Application: Global Industry Analysis and Forecast, 2016-2026," the global sales of digital commerce application market was valued at nearly US$ 4,400 Mn in 2016 and is expected to expand at a CAGR of 15.
MATRIXX Software's real-time Digital Commerce platform has been chosen by Three Group, the telecommunications arm of CK Hutchison Holdings, to support Three's mobile service providers in the UK, Denmark and Sweden, the company said.
A new research report produced by the GSMA, Building digital societies in Asia: Making commerce smarter , indicates that for Pakistan to harness the full potential of digital commerce, strong collaboration is required among mobile operators, financial and payments companies and governmental agencies.
28 October 2014 - US mobile and digital commerce solutions provider Warp 9 Inc (OTCMKTS:WNYN) said it is seeking acquisitions of digital commerce companies as it aims to boost growth.
26 February 2014 -- US media firm Forbes Media and Swiss-based technology company Lotaris SA have announced a licensing arrangement that grants Lotaris the rights to the name Forbes Digital Commerce.

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