Is exactly analogous to a marketplace on the Internet.
Electronic Commerce (also referred to as EC, e-
commerce e
Commerce or e
commerce) consists primarily of the distributing, buying, selling, marketing and servicing of products or services over
electronic systems such as the Internet and other computer networks. The information technology industry might see it as an
electronic business application aimed at commercial transactions; in this context, it can involve
electronic funds transfer, supply chain management, e-marketing, online marketing, online transaction processing,
electronic data interchange (EDI), automated inventory management systems, and automated data collection systems.
Electronic commerce typically uses
electronic communications technology of the World Wide Web, at some point in the transaction’s lifecycle, although of course
electronic commerce frequently depends on computer technologies other than the World Wide Web, such as databases, and e-mail, and on other non-computer technologies, such as transportation for physical goods sold via e-
commerce.
Learn more in:
Electronic Commerce for Health Products Services-Problems- Quality and Future