3. Has expanded
rapidly over
the past five
years
Conventional
commerce will
become
increasingly
blurred
Could accelerate
its rate in the
future
With no
barriers
Allows exchange
goods and
services
Of time Of distance
4. Refers to electronic
commerce between
businesses and either as
consumers or suppliers
Provides vast
competitive advantages
over traditional
methods
Is faster, cheaper and
more convenient for
bartering goods and
services
5. Provides a cost-
effective method
for companies
Has led the
development of
electronic market
places
Suppliers and potential
customers conduct
mutually beneficial
trade.
ELECTRONIC
TRANSACTIONS
Requires
supplier and
customer to set
up a dedicated
data link.
Form of
Electronic
Data
Interchange
