Definition
•Electronic commerce, commonly known as e-commerce, is a type of
industry where buying and selling of product or service is conducted over
electronic systems such as the Internet and other computer networks.
• "the use of electronic transmission mediums to engage in
the exchange, including buying and selling, of products and services"
[Greenstein Marilyn]
Components of E-Commerce
1.Potential Consumer2.Potential Supplier3.Computer4.Browser5.Internet6.Payment Facilities: Banks, credit card
companies and payment clearing houses etc
7.Product Delivery
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