Be at home and do all your shopping! Don’t have to walk to the banks to withdraw money every time, walk in to the nearest ATM and withdraw from your account! Without any physical traders locations you can do all your transaction in trading! Everything is possible because of one term call ‘e- Commerce’.
Initially Electronic Data Interchange (EDI) and Electronic Funds Transfer (EFT) were only the terms in the ‘e- commerce’. The EDI means the exchange of data such ad document, bills between two businesses and EFT is the exchange of funds. But with the advent of internet and computers all the documents also come under the e-commerce as they are done electronically. Purchase orders and invoices also have come up electronically. ATMs, credit cards, telephone banking, online shopping are some of the major ‘e- commerce’ techniques which are the major components. These have just reduced the time that is spent on each event and helps us to do many works at the same time. This way the products are transferred electronically and the tie spent on the travel is reduced. The train tickets are the best example where we stand in a long queue. But these days with the help of e-commerce we can book the tickets were we are.
Electronic commerce that is done between two businesses is business to business and between costumers and businesses are called business to customers.
Initially Electronic Data Interchange (EDI) and Electronic Funds Transfer (EFT) were only the terms in the ‘e- commerce’. The EDI means the exchange of data such ad document, bills between two businesses and EFT is the exchange of funds. But with the advent of internet and computers all the documents also come under the e-commerce as they are done electronically. Purchase orders and invoices also have come up electronically. ATMs, credit cards, telephone banking, online shopping are some of the major ‘e- commerce’ techniques which are the major components. These have just reduced the time that is spent on each event and helps us to do many works at the same time. This way the products are transferred electronically and the tie spent on the travel is reduced. The train tickets are the best example where we stand in a long queue. But these days with the help of e-commerce we can book the tickets were we are.
Electronic commerce that is done between two businesses is business to business and between costumers and businesses are called business to customers.
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