The Electronic Commerce , which is more popularly known as E-Commerce , is nothing but a marketplace on the Internet. It helps the users to buy, sell, distribute, market, and service their products via electronic systems like various computer networks or internet.
On a more technical note Electronic Commerce is electronic business applications, which aim at commercial business. E-Commerce may deal with many things such as:
- Electronic funds transfer
- E-marketing
- Supply chain management
- Online transaction processing
- Automated inventory management systems
- Electronic data interchange
- Automated data collection systems
The electronic communications technology is used for some of the transactions done through Electronic Commerce . Although most of the time it depends upon various computer technologies, the most common of which is promotional emails.
Person Halls stated that Electronic Commerce began in 1994 when the first advertisement was posted on a website. The key factors for the success of an E-Commerce firm are:
- The products
- Post sale services
- Network infrastructure
