intro to ecommerce
In the broadest sense, electronic commerce (e-commerce), is the buying and selling of products and services over the Internet. It has included the handling of purchase transactions and funds transfers over computer networks. According to the Forrester Research Study "Sizing Intercompany Commerce," total U.S business-to-business Internet trade in 1998 is $7.7 billion, compared to a total global e-commerce of $21.8 billion, dramatically increasing from $2.5 billion in 1997. By the year 2002, according to the report, there will be $328 billion worth of e-commerce.Electronic commerce is the ability to perform transactions involving the exchange or use of goods or services between two or more parties using electronic tools and techniques Some main technologies have made e-commerce viable - WWW, Electronic Data Interchange (EDI), Electronic Funds Transfer (EFT) and E-mail. EDI is the inter-organisational, computer-to-computer exchange of business documentation in a standard, machine-processable format. EFT was designed to optimise electronic payments with electronically provided remittance information. Electronic commerce provides the capability of buying and s
The buyer issues a contractual agreement of the terms of exchange, or usage, and payment. This contractual agreement is generally issued as an order, which sets forth the price and other terms of the transaction. The order may be verbal, in writing, or electronic. This agreement can be confirmed electronically through cryptographic techniques such as digital signatures. Supplier Opportunities and Customer Benefits of Electronic Commerce Finance - Barclays Bank. Electronic Share Information Substantial cost savings / Substantial price reductions
Some common words found in the essay are:
Electronic Commerce, Wide Web, Tesco Levels, Department Defence, According IDC, E-mail EDI, Negotiating Buyers, Networks Internet, Distribution Receipt, Payment Settlement, electronic commerce, products services, product service, levels electronic commerce, business processes, computer networks, electronic trading, levels electronic, customer benefit, form electronic, price reductions, shared business processes, substantial cost savings, electronic trading physical, substantial price reductions,
Approximate Word count = 4148
Approximate Pages = 17 (250 words per page double spaced)
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