electronic commerce

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Related to electronic commerce: Electronic Data Interchange

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 Web. Also called "e-business," "e-tailing" and "I-commerce." Although in most cases e-commerce and e-business are synonymous, e-commerce implies that goods can be purchased online, whereas e-business might be used as an umbrella term for a total presence on the Web that includes the shopping component (see shopping cart).

Electronic data interchange, in which one company's computer directly queries the inventory of, and transmits purchase orders to, another company's computer, may also be considered e-commerce (see EDI). See m-commerce, microcommerce and clicks and mortar.

The Evolution of Mail Order
In the U.S., had the dozens of mail order catalogs and businesses not flourished, perhaps e-commerce would have had a slower start. However, starting in the 1980s, people were beginning to get used to ordering products without driving to a store or shopping mall. One phone call and you were talking to a customer service rep, even day and night in some cases. Today, certain retail outlets have resorted to offering coffee and lunch bars, educational classes and other social events to entice customers to go to the physical store.

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 ?
Electronic commerce systems activities need to be conducted with relevant consumer protection legislation in mind; for example, UK organizations conducting electronic commerce transactions over the Internet should comply with the Consumer Protection (Distance Selling) Regulations 2000 (CPR, 2000).
To study methods of taxation in this electronic commerce era, the tax architecture should be considered and planned because taxcollecting methods can vary with the tax architecture.
Employees are not the only stakeholders who can be reluctant to engage in electronic commerce. Some company executives still refuse to use the Internet, and delegate online tasks, even managing their e-mail, to their secretaries.
The complexity of documenting electronic commerce increases in proportion to the complexity of the signature method used.
Electronic Commerce: Security, Risk Management and Control is informative reading for the risk management professional who is a novice in the world of e-commerce.
S.I Tech's Software Services for Electronic Commerce is a new service to assist customers using the IBM AS/400E platform in setting up their own on-line stores.
The act also called for the creation of the Advisory Commission on Electronic Commerce. Its 19 members include the secretaries of Commerce and Treasury, the U.S.
E-Commerce Security: A Global Status Report found that companies with some form of Web business overwhelmingly cited a need to make profits to return their heavy investments into the Web; most implemented electronic commerce to cut costs, improve efficiency, and provide a new way of doing business, all in hopes of improving the company's bottom line.
The Uniform CodeCouncil will hold its annual Electronic Commerce Users Conference May 24-26, 2000 at the Hyatt Regency at Gainey Ranch in Scottsdale, AZ.
Meanwhile, during the entire year, articles mentioned "e-commerce" or "electronic commerce" only 915 times.
awareness of the potential for electronic commerce. Yet all too often,
is in talks with five Japanese convenience store chain operators to form an alliance in electronic commerce, a Toyota official said Friday.

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