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The short form of electronic commerce is E-commerce. This is a modern business technology. By the internet this business & transaction carry out.

Indeed, electronic commerce is a digital data processing & transmission process where person’s or organization’s business interchanges process. Generally this process will performed by an open network system (internet). This is true that, by internet book, computer etc sales are very attractive in media world. But actually in electronic commerce most of the products are invisible. For example, travel service, software, entertainment, banking, insurance, information service, law consult, health care, education, research & government service etc.

Origin of e-commerce:

For technological development e-commerce has invented. We have discussed this matter below.

Electronic data interchange (EDI): At the end of the1970 & beginning of 1980 for information exchange & business operation private network organizations begin to using EDI. For example, we can say, with the help of EDI between producer & supplier automatically can give purchase order. Read more…

E-commerce has been evolving at an unbelievable pace. Only about a decade ago we have heard the term of ‘e-commerce’ and now it had become so attach to every business enterprise and even individuals at home are catching fast with this idea. E-commerce is a wide scope and it offers many divisions such as e-banking, electronic data interchange (EDI) and online shopping. It is the business-to business (B2B) that we’re mainly focused on. All available fact shows that e-business is developing rapidly with turnover reported to have doubled between 1998 and 1999.

Most companies view e-commerce or more specifically, B2B as a tool to reach customers whether domestically or regionally. It involves selling, marketing or advertising products or services electronically. It’s seen as an opportunity to earn profit. As for customers or individuals, we seen more of convenience offered and also a more cost-efficient means of shopping. Overall, every parties acknowledge the need to keep in pace with this technology advancement and understand that it offers unprecedented opportunities. Read more…