Definition of E-Commerce

 

   E-commerce is the path when reality (physical items) meet technology (informational world) in unprecedent way until now, make the reality of commerce of goods or services to become an timely way when the distance does not matter and is just realise with a single one click.

   

     "E-commerce originated in a standard for the exchange of business documents, such as orders or invoices, between suppliers and their business customers. Those origins date to the 1948–49 to Berlin blockade with a system of ordering goods primarily via telex. Various industries elaborated upon that system in the ensuing decades before the first general standard was published in 1975. The resulting computer-to-computer electronic data interchange (EDI) standard is flexible enough to handle most simple electronic business transactions". (https://www.britannica.com/technology/e-commerce)

     "Define e-commerce as a specific part of e-business, including public relations for the sale of goods, services and information via the Internet using all the tools available on the network.

Kwilinski et al (2019)

       To be more details involve,  ''An e-commerce website, by definition, is a website that allows you to buy and sell tangible goods, digital products or services online. Trade, be it barter exchange or buying and selling of goods and services has been prevalent for centuries. No one can be self-sufficient. And this brings out the need for demand and supply of goods and services. Transactions have been going on all over the world for centuries, locally, and across locations. Keeping the same concept in mind, now think electronic.

    However, also bear in mind that with the whole world going online, data privacy laws have become increasingly stringent.''  Lutkevich et al (2022)

  

   According to Team (2022), ''E-commerce (electronic commerce) is the buying and selling of goods and services, or the transmitting of funds or data, over an electronic network, primarily the internet. These business transactions occur either as business-to-business (B2B), business-to-consumer (B2C), consumer-to-consumer or consumer-to-business. The terms e-commerce and e-business are often used interchangeably. The term e-tail is also sometimes used in reference to the transactional  processes that make up online retail shopping.''

 

References

1. https://www.britannica.com/technology/e-commerce

2. Kwilinski, A., Volynets, R., Berdnik, I., Holovko, M. and Berzin, P., 2019. E-Commerce: Concept and legal regulation in modern economic conditions. Journal of Legal, Ethical and Regulatory Issues, 22, pp.1-6.

3. Lutkevich, B., Chai, W. and Holak, B. (2022) What is e-commerce? definition and meaning, CIO. TechTarget. Available at: https://www.techtarget.com/searchcio/definition/e-commerce (Accessed: January 31, 2023).

4. Team (2022): https://www.techtarget.com/