How can you define electronic commerce?
Electronic commerce refers commonly to entire forms of commercial activities including both individuals and businesses, such as the electric processing and transmission of data such as visual images, text and last sound. Furthermore, e-commerce additionally covers the impact of electronic trade of commercial information can have on the businesses as well as the and operations which command and back up commercial activities.
E-commerce is a new method of becoming involved in timeless activities- it allows people and companies to barter, interact as well as transact with other individuals and businesses. Thomas Jefferson composed a letter which stated that ‘’money, not morality, is the principal commerce of a civilised nation’’.
Electronic commerce is transforming methods the costumer’s businesses, and merchants use to transact and connect with others. E-commerce allows customers to be able to communicate, research, bank, invest in various aspects, explore as well as distribute from almost anywhere with internet connection.
Imaginably it is very important for customers the constantly expanding collection of products and services presented to them over the internet in a similar form to the ones of true free market competition.
With no deception of geographic distance and political boundaries, it’s just as easy to do because with a local superstore bookstore as it is with remotely located speciality bookstore.
The very important benefit of e-commerce is that the ‘’store’’ is adequately open to its customers 24 hours a day, seven days a week. Additionally, staff working does not need to be present to receive orders as well as process payments. Orders can be handled at any moment given, regardless of the time. After all, e-commerce is not constrained by geography which allows local shops to go up against multinational as well as national businesses for customers based anywhere around the globe.