Originally, electronic commerce referred to facilitating commercial transactions electronically using technologies like EDI. It later came to include web commerce through secure servers allowing online purchasing of goods and services. While e-commerce was predicted to boom in 1994, it took 4 years for security protocols to develop sufficiently. Between 1998-2000 many businesses developed basic websites, though many dot-com companies later collapsed. Traditional retailers then began adding e-commerce capabilities to better reach niche markets identified by failed dot-com companies.
Ecommerce is an abbreviation for electronic commerce, which is the use of a digital platform as well as a business model that allows you to buy and sell goods on the internet. When you buy an item on the internet, you're part of this eCommerce economy.
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Ecommerce is an abbreviation for electronic commerce, which is the use of a digital platform as well as a business model that allows you to buy and sell goods on the internet. When you buy an item on the internet, you're part of this eCommerce economy.
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Ecommerce website development services are today a matured concept. Fundamentally, electronic commerce or ecommerce refers to buying and selling of products or services online.
Definition of E-Commerce:
E-Commerce or Electronic commerce is a process of buying, selling, transferring, or exchanging products, services, and/or information via electronic networks and computers
E-commerce (electronic commerce) is the activity of electronically buying or selling of products on online services or over the Internet. Electronic commerce draws on technologies such as mobile commerce, electronic funds transfer, supply chain management, Internet marketing, online transaction processing, electronic data interchange (EDI), inventory management systems, and automated data collection systems.
Ecommerce website development services are today a matured concept. Fundamentally, electronic commerce or ecommerce refers to buying and selling of products or services online.
Definition of E-Commerce:
E-Commerce or Electronic commerce is a process of buying, selling, transferring, or exchanging products, services, and/or information via electronic networks and computers
E-commerce (electronic commerce) is the activity of electronically buying or selling of products on online services or over the Internet. Electronic commerce draws on technologies such as mobile commerce, electronic funds transfer, supply chain management, Internet marketing, online transaction processing, electronic data interchange (EDI), inventory management systems, and automated data collection systems.
Free eCommerce tutorials and course. What is eCommerce and benefits and advantages. How to use mobile ecommerce to promote and Increasing ecommerce business.
2. The meaning of the term "electronic commerce" has
changed over time. Originally, "electronic commerce"
meant the facilitation of commercial transactions
electronically, usually using technology like Electronic Data
Interchange (EDI, introduced in the late 1970s) to send
commercial documents like purchase orders or invoices
electronically.
3. Later it came to include activities more precisely termed
"Web commerce" -- the purchase of goods and services
over the World Wide Web via secure servers (note
HTTPS, a special server protocol which encrypts
confidential ordering data for customer protection) with e-
shopping carts and with electronic pay services, like credit
card payment authorizations.
4. When the Web first became well-known among the
general public in 1994, many journalists and pundits
forecast that e-commerce would soon become a major
economic sector. However, it took about four years for
security protocols (like HTTPS) to become sufficiently
developed and widely deployed (during the browser wars
of this period). Subsequently, between 1998 and 2000, a
substantial number of businesses in the United States and
Western Europe developed rudimentary Web sites.
5. Although a large number of "pure e-commerce"
companies disappeared during the dot-com collapse in
2000 and 2001, many "brick-and-mortar" retailers
recognized that such companies had identified valuable
niche markets and began to add e-commerce capabilities
to their Web sites. For example, after the collapse of
online grocer Webvan, two traditional supermarket
chains, Albertsons and Safeway, both started e-commerce
subsidiaries through which consumers could order
groceries online.
6. As of 2005, e-commerce has become well-established in
major cities across much of North America, Western
Europe, and certain East Asian countries like South Korea.
However, e-commerce is still emerging slowly in some
industrialized countries, and is practically nonexistent in
many Third World countries.
7. Electronic commerce has unlimited potential for both
developed and developing nations, offering lucrative
profits in a highly unregulated environment.