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  • Aim: Introduction To E-Commerce: Definition-History

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    Electronic commerce, commonly known as e-commerce, consists of buying and selling products or services over the internet and other computer networks. Originally, e-commerce referred to facilitating commercial transactions electronically using technologies like EDI and EFT in the late 1970s. From the 1990s onward, e-commerce also included enterprise resource planning systems, data mining, and data warehousing. While the internet became popular worldwide in 1994, it took until the late 1990s for security protocols and broadband internet to allow for widespread online shopping and business transactions over the World Wide Web.

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    Electronic commerce, commonly known as e-commerce, consists of buying and selling products or services over the internet and other computer networks. Originally, e-commerce referred to facilitating commercial transactions electronically using technologies like EDI and EFT in the late 1970s. From the 1990s onward, e-commerce also included enterprise resource planning systems, data mining, and data warehousing. While the internet became popular worldwide in 1994, it took until the late 1990s for security protocols and broadband internet to allow for widespread online shopping and business transactions over the World Wide Web.

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    Aim: Introduction To E-Commerce: Definition-History

    Uploaded by

    Shah Parthiv
    Electronic commerce, commonly known as e-commerce, consists of buying and selling products or services over the internet and other computer networks. Originally, e-commerce referred to facilitating commercial transactions electronically using technologies like EDI and EFT in the late 1970s. From the 1990s onward, e-commerce also included enterprise resource planning systems, data mining, and data warehousing. While the internet became popular worldwide in 1994, it took until the late 1990s for security protocols and broadband internet to allow for widespread online shopping and business transactions over the World Wide Web.

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    AIM: INTRODUCTION TO e-COMMERCE

    DEFINITION-HISTORY

     Electronic commerce, commonly known as (electronic marketing) e-commerce or e-


    Commerce, consists of the buying and selling of products or services over electronic
    systems such as the Internet and other computer networks. ...

     The means by which people conduct business online - trading money for services. The
    process of taking money via credit card transactions, PayPal and other forms of payment
    - in exchange for a service or product sold via the internet, is E-Commerce.

     This is a company which organizes online delivery of products and services for the online
    market. Products and services are directly sold to the consumers. Online book stores,
    retail stores, gift stores and all kind of online catalogs can be example of this model.

     Originally, electronic commerce meant the facilitation of commercial transactions


    electronically, using technology such as Electronic Data Interchange (EDI) and
    Electronic Funds Transfer (EFT).

     These were both introduced in the late 1970s, allowing businesses to send commercial
    documents like purchase orders or invoices electronically. The growth and acceptance of
    credit cards, automated teller machines (ATM) and telephone banking in the 1980s were
    also forms of electronic commerce. Another form of e-commerce was the airline
    reservation system typified by Sabre in the USA and Travicom in the UK.

     From the 1990s onwards, electronic commerce would additionally include enterprise
    resource planning systems (ERP), data mining and data warehousing.

     In 1990, Tim Berners-Lee invented the WorldWideWebweb browser and transformed an


    academic telecommunication network into a worldwide everyman everyday
    communication system called internet/www. Commercial enterprise on the Internet was
    strictly prohibited until 1991.[1] Although the Internet became popular worldwide around
    1994 when the first internet online shopping started, it took about five years to introduce
    security protocols and DSL allowing continual connection to the Internet. By the end of
    2000, many European and American business companies offered their services through
    the World Wide Web.

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