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What did the term ecommerce mean in the first place?
At first, the term ecommerce meant the process of execution of commercial transactions electronically with the help of the leading technologies such as Electronic Data Interchange (EDI) and Electronic Funds Transfer (EFT) which gave an opportunity for users to exchange business information and do electronic transactions.
Which is the best description of e-commerce?
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.
How does ecommerce Save Your Business Money and time?
Furthermore, saves costs, as the business does not have the costs associated with running the business. They do not have to pay for such things as lighting, electricity, and fittings. With ecommerce the user has the ability to search for their product without having to look around shops in a time consuming manner.
What are the advantages and disadvantages of ecommerce?
In fact the information is at their finger tips and can be accessed within minutes without even having to leave your home unlike shopping on the high street. There are also many disadvantages to ecommerce and these are mainly to do with the exchanging of information over the internet and the security measures that this entails.
Last Update: Oct 2021
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