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. E-commerce is in turn driven by the technological advances of the semiconductor industry, and is the largest sector of the electronics industry.
Benefits of E-Commerce
- Overcome Geographical Limitations
- Gain New Customers with Search Engine Visibility
- Lower Costs
- Locate the Product Quicker
- Eliminate Travel Time and Cost
- Provide Comparison Shopping
- Enable Deals, Bargains, Coupons, and Group Buying
- Provide Abundant Information
- Create Targeted Communication
- Remain Open All the Time
