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 ?
Global eCommerce Shopping Cart Software Major Applications/End users: Cloud-based & On-premise based
Despite the discounted prices on offer at Nesto, residents in Al Butaina and Al Nasseriya neighbourhoods have been left irked by the decision to ban the use of shopping carts off the shop premises.
The company also makes Safe-Dock, the first car seat docking station for shopping carts. Safe-Dock allows parents to safely shop with their infants, while keeping the cart's basket free for more groceries, which benefits both parents and retailers.
The determinants of consumers' online shopping cart abandonment.
At the Technion-Israel Institute of Technology's Control Robotics and Machine Learning Laboratory, cousins Ohad Rusnak and Omri Elmalech have come up with what they've termed an "autonomous shopping cart," which others have deemed "creepy" because its 3D camera and controls actually let the cart follow the shopper around the store.
common sense concept of a shopping cart to the Internet," Newegg said.
El Accad has wheeled in the small shopping carts. They can be found in its three stores in Dubai and a fourth in Masdar City of Abu Dhabi.
Visitors to MPI's website, www.MPIpersonalcare.com, will encounter updated features including easy-to-use navigation, Improved searching capabilities, newly designed product selector, shopping cart style system for requesting samples, and more accessible information including PDF downloads of technical data sheets, safety data sheets and company brochures.
If you have a website already on some relatively modern platform like Wordpress or Drupal, you can easily plug-in a shopping cart and be up and running in a few days.
The group of three engineering undergraduates are from Bangalore's PES Engineering College, and have designed a self-check out shopping cart to make long queues at cash counters a thing of the past.
In addition, the new release introduces the new shopping cart functionality, built into the LANDesk Service Catalogue, which gives employees web-based, self-service capabilities provided through a consumer-style shopping cart feature that allows them to add a request (or multiple requests) to their shopping carts and checkout.