E-Commerce

E-Commerce is the buying and selling of goods and services on the Internet especially the world wide web. E-business ans E-tailing also describe it. The amount of trade conducted electronically has grown rapidly with the spread of internet. E-Commerce includes electronics funds transfer, supply chain management, Internet marketing, Online transaction processing, Electronic data interchange, automated inventory management systems and automated data collection systems
Online retailers are sometimes known as e-tailers and online retail is known as e-tail.

The e-commerce services and products can remain physical and ordered, delivered and paid by physical means or transactions that are entirely virtual and involve marketing, advertising, ordering, delivering, purchasing and servicing products and services entirely over the Internet.

At present e-commerce accounts for only a very small percentage of global trade and commerce. Although transactions between large corporations and their suppliers and customers account for the largest share of e-commerce today, a growing number of small and medium sized enterprises are beginning to implement Internet Business Solutions.