electronic commerce

(noun)

Electronic commerce, commonly known as e-commerce, is the buying and selling of products or services over electronic systems such as the Internet and other computer networks.

Examples of electronic commerce in the following topics:

  • Nonstore Retailers

    • The non-store distribution channel can be divided into direct selling (off-premises sales) and distance selling, the latter including all forms of electronic commerce.
    • Electronic commerce includes online shopping, Internet trading platforms, travel portals, global distribution systems, and teleshopping.
    • E-commerce is growing by leaps and bounds, as consumers become more comfortable with the concept and their options increase.
    • E-commerce sites now cover almost every nook and cranny of the retail space.
    • With all the e-commerce growth comes interesting trends relating to consumers becoming more comfortable with making purchase on their mobile phones and tablets.

  • Internet Retailers

    • Online retailing is a form of electronic commerce where consumers directly buy goods or services from a seller using the Internet.
    • Online retailing is a form of electronic commerce whereby consumers directly buy goods or services from a seller over the Internet without an intermediary.
    • With the onset of the Internet and e-commerce sites, which allow customers to buy tickets online, the popularity of this service has increased.

  • Selling to Consumers

    • B2C e-commerce involves customers gathering information and purchasing either physical or information goods over an electronic network.
    • Business-to-consumer (B2C) e-commerce, or commerce between companies and consumers, involves customers gathering information; purchasing physical goods (i.e., tangibles such as books or consumer products) or information goods (or goods of electronic material or digitized content, such as software or e-books); and, for information goods, receiving products over an electronic network.
    • It is the second largest and the earliest form of e-commerce.
    • This type of e-commerce is characterized by the growth of electronic marketplaces and online auctions, particularly in vertical industries where firms/businesses can bid for what they want from among multiple suppliers.
    • B2C e-commerce makes up a smaller portion of the market share of e-commerce compared to B2B, and appears to be shrinking in comparison.

  • Selling to Businesses

    • B2B e-commerce is the type of e-commerce that deals with relationships between and among businesses.
    • Business to business (B2B) e-commerce is simply defined as e-commerce between companies.
    • This is the type of e-commerce that deals with relationships between and among businesses.
    • About 80% of e-commerce is of this type, and most experts predict that B2B e-commerce will continue to grow faster than the business to consumer (B2C) segment.
    • Explain the impact of technological advances on business to business (B2B) commerce

  • Warehousing

    • Stored goods can include any raw materials, packing materials, spare parts, components, or finished goods associated with agriculture, manufacturing, or commerce.
    • These systems are often installed in refrigerated warehouses where temperatures are kept very cold to keep product from spoiling, especially in electronics warehouses where they require specific temperatures to avoid damaging the parts, and also where land is expensive, as automated storage systems can use vertical space efficiently.

  • The stems of growing startups: definitions of “startup stakeholder arrow” selected terms

    • Chambers of Commerce: Chambers of Commerce are large memberships of business federations representing hundreds and sometimes thousands of business owners.
    • eMarketers: A group of people that you hire to implement your digital media strategy for the online and potentially via cell phone marketing of your new business. eMarketers utilize ultimately any form of electronic media to promote and advertise your business.

  • Electronic Banking

    • Electronic banking includes such services as ATMs, direct deposits, electronic fund transfers, and online banking.
    • Another electronic banking service available today is direct deposit.
    • This service makes it possible for you to have your money electronically added to your checking account every payday.
    • Electronic funds transfer (EFT) is a service that allows a bank to transfer large amounts of money to another bank by sending an electronic message.
    • Electronic transfers take only an instant.

  • Getting the Most Out of Your Time

    • In the years leading up to World War I, German U-boats rendered transatlantic travel and commerce a death-defying proposition.
    • Check your e-mail no more than 2-3 times a day, and schedule those times in advance rather than just letting the spirit (or an electronic signal) move you.

  • Getting started

    • The first method uses a third party such as a business development centre or a chamber of commerce to bring different entities together and propose working in unison.
    • The Chamber of Commerce in Henrietta, New York, for example, initiated an education and assistance program with the Audubon International Sustainable Communities Program to help foster energy and waste reduction programs between local government, business and the community.

  • Labor Management Relations Act

    • To promote the full flow of commerce, to prescribe the legitimate rights of both employees and employers in their relations affecting commerce.
    • To protect the rights of individual employees in their relations with labor organizations whose activities affect commerce.
    • To define and proscribe practices on the part of labor and management which affect commerce and are inimical to the general welfare
    • To protect the rights of the public in connection with labor disputes affecting commerce