E-commerce, in the well-liked sense, can be explained as: the use of the Net and the World wide web to carry out business transactions. A more technical definition would be: e-commerce requires digitally empowered commercial transactions between and among organizations and individuals. E-commerce differs by e-business because no business transaction, an exchange of value across organizational or person boundaries, happens in
e-business. E-business is the digital enablement of transactions and processes in a firm and therefore does not include any kind of exchange in value. Ecommerce and elektronische geschaftsabwicklung intersect in the business firm boundary in the point where internal organization systems hyperlink up with suppliers. For instance, elektronische geschaftsabwicklung turns into e-commerce when an exchange of value occurs across firm boundaries.
The first features of ecommerce technology consist of:
вЂў Pervasiveness: It is readily available just about everywhere and at all occasions. вЂў Global Reach: the potential market dimensions are roughly equal to the size of the internet population of the world.
вЂў General standards: The technical standards of the Internet, and therefore of conducting e-ommerce, are distributed by all of the nations on the globe. вЂў Richness: Information that is certainly complex and content abundant can be provided without sacrificing reach.
вЂў Interactivity: E-commerce technology allow dual end communication between the merchant and the consumer.
вЂў Information thickness: The total amount and quality info available to all market participants is greatly increased and it is cheaper to provide. вЂў Personalization/Customization: E-commerce systems enable vendors to target all their marketing messages to a person's name, interests, and earlier purchases. That they allow a merchant to change the product or perhaps service to address the purchasing habit and preferences of a customer.
вЂў Social technology: User content generation and social networking systems The three levels in the advancement of web commerce are advancement,...