E-commerce is the action of by electronic means buying or selling goods on online services or over the Internet. E-commerce draws on mobile business, electronic funds transfer, supply chain management, online transaction processing, electronic data interchange (EDI), Internet marketing, inventory management systems, and automated data collection systems. E-commerce is, in turn, driven by the technological advances of the semiconductor industry and is the main sector of the electronics industry.
The term remained coined and first employed by Dr. Robert Jacobson, Principal Consultant to the California State Assembly’s Utilities & Commerce Committee, in the title and text of California’s Electronic Commerce Act, carried by the late Committee Chairwoman Gwen Moore (D-L.A.) and enacted in 1984.
There are three areas of e-commerce: online retailing, electronic markets, and online auctions. E-commerce typically uses the web for at least a part of a transaction’s life cycle, although it may also use other technologies such as e-mail. Typical e-commerce transactions include purchasing products (such as books from Amazon) or services (such as music downloads in the form of digital distribution such as iTunes Store). E-commerce remains supported by electronic business. The existence value of e-commerce is to allow consumers to shop online and pay online through the Internet, saving them time and space for customers and enterprises, significantly improving transaction efficiency, especially for busy office workers, and saving a lot of valuable time.
mobile commerce
electronic funds transfer
supply chain management
Internet marketing
online transaction processing
electronic data interchange (EDI)
inventory management systems
automated data collection.
electronics industry
semiconductor
