What is Electronic Commerce ?

What is Electronic Commerce ?

• Definition
  • A modern business methodology that addresses the needs of organizations, merchants, and consumers to cut costs, while improving the quality of goods and services and increasing the speed of delivery. [Kalakota 1996]
  • The use of computer networks to search and retrieve information in support of human and corporate decision making.
    • Buying and selling of information, products, and services via computer networks.
  • 3 Stages of Commerce
    • Traditional Commerce
    • Traditional Electronic Commerce
    • Electronic Commerce (on Internet)

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