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e-Commerce
in its purest form is simply any business transaction that takes
place via digital processes over a network.
However,
e-commerce is really much more than just exchanging products or
services for money over the Internet.
e-Commerce
is:
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an
enabling technology that allows businesses to increase
the accuracy and efficiency of business transaction processing
and
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a
way for organizations to exchange information with customers
and vendors to the benefit of everyone involved.
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What does
e-Commerce transform?
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the
way products, services, and even information are brought,
sold, and exchanged
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the
way organizations interact with customers and business partners.
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Eventually,
e-Commerce will probably replace the movement of paper within
and between organizations, as well as between organizations and
consumers.
e-Commerce
involves making use of the Internet to penetrate new markets,
discover or create new sales channels, and get closer to customers
and business partners through communication channels. Some pioneers
achieve real success for both small and large organizations because
size matters less now; all organizations stand an even chance
because they have access to the same types of resources.
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