E-Commerce

E-Commerce LEARNING OBJECTIVES z To learn the concept of E-Commerce. z To know the brief history of E-Commerce. z To analyze different types of E-Commerce business models and revenue models. z To distinguish between E-Commerce and Traditional commerce. z To understand the advantages and disadvantages of E-Commerce. version CHAPTER version CHAPTER - - - - Chapter E-COMMERCE E-Bussiness In , IBM coined the term E-Business. Just, as business is broader than commerce, E-Commerce is a subset of E-Business. E-Commerce is commercial transaction through Internet, but E-Business entirely depends on the Internet for its every intra-company and inter-company activities such as procurement of raw materials, marketing, finance, manufacturing, selling and negotiation. While, E-Commerce is limited with monetary transactions using Internet E-Business is grounded on technologies such as Network Infrastructures (like Internet, Intranet, Extranet), Multimedia content & network publishing infrastructures (like HTML, Online Marketing), Messaging & information distribution infrastructures (like EDI, e-mail, http, Computerized Inventory Management Systems) and other Common business service infrastructures (like electronic payments gateways, globalized Supply Chain Management (SCM), Online Transaction Processing).