electronic commerce

(redirected from Internet sales)

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)

e-commerce

(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.
Copyright © 1981-2019 by The Computer Language Company Inc. All Rights reserved. THIS DEFINITION IS FOR PERSONAL USE ONLY. All other reproduction is strictly prohibited without permission from the publisher.
References in periodicals archive ?
Growth in annual internet sales grew at a slightly faster pace in May, albeit at a rate still below the long-run average.
Within the framework of electronic sales, 7% of the total turnover comes from Internet sales, Eurostat writes.
The sales taxes on internet sales seems like a sure thing since it is supported by Long Island brick-and-mortar retailers that have seen their businesses adversely impacted by e-commerce and by local county executives who are salivating over a new revenue stream to spend on their bloated budgets.
With a final verdict likely by the end of June, the court's willingness to revisit the very precedent it established sheds light on how much money in revenues state and local governments have lost from internet sales. 'State revenue growth has paled in comparison to overall economic growth over the past few years in part because states have been unable to fully tax internet sales,' said Director Stephen Walsh.
A TORY former Cabinet minister has called for an internet sales tax to be brought in to level the playing field for high street shops with online retail giants such as Amazon.
JENNINGS Motor Group has expanded its internet sales team.
Lack of transparency over internet sales makes it harder to track down breeders who mistreat dogs.
Internet sales jumped 29% and accounted for 14.2% of all revenues.
5The strategy: Both Amazon and Overstock said they plan to take their case to Congress in hopes of getting a federal decision on state-level Internet sales taxes that would apply to every state uniformly.
There has never been a huge difference in Internet sales and brick and mortar.

Full browser ?