electronic commerce

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electronic commerce

[i·lek¦trän·ik ′kä·mərs]
(computer science)
Business done on the Internet. Also known as e-business; e-commerce.
McGraw-Hill Dictionary of Scientific & Technical Terms, 6E, Copyright © 2003 by The McGraw-Hill Companies, Inc.

electronic commerce

(application, communications)
(EC) The conducting of business communication and transactions over networks and through computers. As most restrictively defined, electronic commerce is the buying and selling of goods and services, and the transfer of funds, through digital communications. However EC also includes all inter-company and intra-company functions (such as marketing, finance, manufacturing, selling, and negotiation) that enable commerce and use electronic mail, EDI, file transfer, fax, video conferencing, workflow, or interaction with a remote computer.

Electronic commerce also includes buying and selling over the World-Wide Web and the Internet, electronic funds transfer, smart cards, digital cash (e.g. Mondex), and all other ways of doing business over digital networks.

[Electronic Commerce Dictionary].
This article is provided by FOLDOC - Free Online Dictionary of Computing (foldoc.org)


(Electronic-COMMERCE) Selling products online via the Internet. Also called "e-business" and "e-tailing." In most cases, the terms e-commerce and e-business are synonymous. However, e-commerce implies that goods are purchased online, whereas e-business might include electronic data interchange (EDI), in which one company's computer directly queries the inventory of another (see EDI). See Internet retailer.

The Evolution of Online Ordering
If mail order from a catalog had not been so popular in the Western world, perhaps e-commerce would have had a slower start. However, online ordering has been so ubiquitous that in order to entice customers back into the physical store, some retail outlets prior to COVID-19 have resorted to offering coffee and lunch bars, educational classes and other social events.

However, due to COVID-19, physical shopping plummeted and e-commerce has dramatically increased. Pundits are debating the permanent effects of the pandemic on retail outlets and malls in the future. See m-commerce, microcommerce and clicks and mortar.

The First "Electronic" Commerce

In 1886, a telegraph operator managed to obtain a shipment of watches that had been refused by the local jeweler. Using the telegraph, he sold all the watches to fellow operators and railroad employees and then ordered more. Within a short time, he made enough money to quit his job and start his own catalog mail order business. The young man's name was Richard Sears, who founded Sears, Roebuck and Co. in 1893.
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References in periodicals archive ?
Online shoppers are also said to be at risk as users may save credit card details on e-shopping sites.
In other parts of the world, like the United States and Europe, it is common to find 'dead malls,' malls that have been abandoned by their developers when they lost their customers to e-shopping.
ISLAMABAD -- As people tend to wear green and white on 14th August to show love and respect for their beloved homeland, many eye catching E-shopping sites in country ahead of Independence day have started offering exclusive 'Azadi deals with discount rates to attract the customers.
Amazon ((https://finance.yahoo.com/quote/AMZN?p=AMZN&.tsrc=fin-srch) AMZN ) has decided to quietly close down its Instagram competitor and e-shopping discovery social network Amazon Spark.
Almall, a Saudi e-shopping website that brings together consumers and brand owners from within and outside the Kingdom, has seen a monthly growth rate of 30 percent since its launch in October last year.
Household air care products are easily available in convenience stores, grocery stores, and on e-shopping websites.
About two years after spending over $500 million to acquire Souq, the American e-shopping giant has officially rolled out the local commerce site for customers in the UAE, it was announced on Wednesday.
The portfolio also includes Shine Beauty Lounge in Saar, Sprii - a Dubai-based e-shopping mall, and the innovative mobile application COFE.
The Company's portfolio also includes Shine Beauty Lounge in Saar, "Sprii" the Dubai-based e-shopping mall, and the innovative mobile application COFE.
Andro Nabil, official Spokesperson for Realme Egypt stated that both brands' partnership is one of the key drivers behind Realme Egypt's success and was created based on the importance of e-shopping and how it revolutionized the landscape of online retail.
Earlier this month, the Mohammed Alabbar-led Emaar Group announced that it will launch -- in collaboration with Swiss technology firm Lykke -- a blockchain-based digital currency for use across its real estate, malls, hospitality, entertainment, facilities management, and e-shopping businesses by the end of 2019.