UNIT - 1 E- COMMERCE NOTES
UNIT - 1 E- COMMERCE NOTES Introduction to E-Commerce Concepts and significance of E-commerce E-commerce, or electronic commerce is an emerging concept that describes the buying and selling or exchanging of products, services and information via computer network including the Internet. It has been defined broadly as the transacting of business over the Web. E-commerce will first pass through the phase of "electrification" of current trading practices, and only later evolve into something radically different from its physical counterpart. The emergence of electronic commerce started in the early 1970s with the earliest example electronic funds transfer (EFT), which allows organizations to transfer funds electronically. It helps to extend inter business transactions from financial institutions to other types of business and also provides transactions and information exchanges from suppliers to the end customers . Driving forces of E-commerce The Internet's massive growt