e-commerce


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Related to e-commerce: E-business

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 ?
CFOs seeking to understand and profit from the evolution of e-commerce need to ask the following questions: How should companies evaluate their initiatives?
Lovaas said this type of cooperation would work for e-commerce challenges, too.
Providers should encourage all staff members to use e-commerce technology by providing Internet access from every workstation.
In retrospect, it was a forward-looking piece of lawmaking, given that the Internet -- the principal vehicle for global e-commerce -- was just beginning to mushroom throughout international business.
We are also better able to micro manage our room inventory by adjusting rates to induce demand via e-commerce and market our distressed inventory via Priceline.
The healthy corporate e-commerce spending plans for 2000 mean good news for manufacturers of information storage systems, the SG Cowen-Datamation survey says.
The e-commerce practice leader's purpose is to lead the way in changing how consulting firms have traditionally delivered their professional services and products; e-commerce must be integrated into day-to-day business practices.
CPAs who try to analyze their company's investment in e-commerce capabilities should not allow themselves to be paralyzed by the seemingly limitless costs of the investment without weighing that against the equally boundless potential return.
For example, the Professional eBay Sellers Alliance (PeSA) and the E-Commerce Merchants Trade Association (ECMTA) will co-locate the PeSA Fall Summit with Online Market World on October 3, 2007.
Newer incubators are dedicated to building e-commerce ventures with their specific needs for technology speed and expertise.
3 Summary of the profit model of stationery industry E-commerce