Q. What is E-commerce (Dec’11)?
Electronic Commerce: Electronic commerce, commonly known as e-commerce or e-com, is
the buying and selling of products or services over electronic systems such as the Internet and other computer networks. Electronic
commerce draws on such technologies as
electronic funds transfer, supply chain management, Internet marketing, online transaction processing, electronic data interchange (EDI),
inventory management systems and automated data collection
systems. Modern electronic commerce typically uses the World Wide Web at least at one point in the transaction's life-cycle,
although it may encompass a wider
range of technologies such as e-mail, mobile devices and telephones as well.
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