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Electronic commerce introduction



Electronic Commerce ( e-commerce ) generally refers to all forms of transactions relating to commercial activities, involving both organizations and individuals that are based upon the processing and transmission of digitised data, including text, sound and visual images.

E-Commerce has created a new environment in business transactions using internet. It deals with providing information to consumers regarding products of their interest. It provides a platform of advertisement of products, allows negotiations, order for raw materials, settlement of financial transactions etc.

Electronic commerce is an integrations of communication services, data management and security mechanisms that allows organizations to exchange information about the sale of goods and services, where,
  1. Communication services supports the transfer of information from the buyer to the seller electronically.
  2. Data management is the exchange and storing of data in a uniform format to facilitate easy exchange of information.
  3. Security mechanism authenticate the source of information and guarantee the integrity and privacy of information.
In other words, E-Commerce involves marketing, retailing, customer service, banking, billing, corporate sector purchasing, secure distribution of data, and other value-added services over the internet.


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