User:Poonam ghaiwat/Electronic Commerce

MEANING OF E-COMMERCE

Electronic Commerce, also known as e-commerce, is the system by which the goods are exchanged or bought and sold through the medium of Internet. In this system various technologies are used such as Web Technology, e-mail, Electronic Data Interchange, Electronic Fund Transfer and Smart Cards etc. E-commerce as a revolution started in the year 1997, when people started conceptualising the opportunities of e-business. The term e-business was first used by IBM ( International Business Machine ) in 1997, when it launched a themalic campaign build around the term. E-business i.e. electronic business is derived from such terms as e-mail and e-commerce. The year 1998 was the year of hype and 1999 was the year of consolidation of the concept of e-commerce. E-commerce has been one of the most exciting developments following the Internet revolution. E-commerce basically uses the electronically networked information systems to carry out potential commercial activity across the globe enabling times to generate business in a big way. E-business offers two types of electronic commerce: Online e-business and off-line e-business. Online commerce is known as e-commerce which strategically pertains to online shopping. The buzzword of electronic of electronic commerce is written as e-commerce. The expression may be spelled as extra-net, e-commerce, e-business, e-service and e-trading. 'E' is just like any automation. E-commerce is synonymous with e-business and e-trading. E-commerce is a unique and potential opportunity for business of any size, particularly for those who automate their supply chain. It is a new medium of business with new technology allowing not just to exhibit or selling products/service over the Internet, but payment as well as potential small and big business needs. E-commerce does not mean online shopping. Shopping. Shopping on the web is a small part of the e-commerce industry. But it includes online stock, bond transactions, downloading and software. As a system, it integrates seamlessly into the structure of a web site and ensures a smooth flow of information from the company to the individual

OBJECT OF E-COMMERCE

The function of E-commerce is performed on different levels. We can take all these things things on our own Website or they be got done from a third party pay paul i.e. a third person. If we want to get all these things done on our website, there should be a set-up on our website indicating the complete list of our Products. In this system we can make the use of Shopping Card. We can prepare our own system having a Data-base and Business Designed Website. If we are prepared to accept the Credit Card on our Website then it is very necessary that we should have the Secure Socket Layer. We can collect the information in the computer and web-server of our customer. When there is Secure Socket Layer connection we will see a Icon on the right bottom side of the Browser. As a result we can make the use of Secure Socket Layer Area. We need not have our own Certificate. We can take our own Secure Socket Layer Certificate, it will require host account having Unique IP. This is personal.