| Ecommerce is the way of conducting of business | | | | expanded very quickly and is expected to proceed |
| communication and transactions through computer | | | | further at this speed or faster. |
| networks. Ecommerce is the buying and selling of | | | | The boundaries between the "electronic" and |
| goods and services, and the transfer of funds through | | | | "conventional" commerce is gradually disappearing as |
| digital communications. | | | | more and more businesses shifting sections of their |
| Ecommerce is precisely correspondent to a market | | | | operations onto the Internet. |
| place in the Internet. Ecommerce mainly comprises of | | | | Ecommerce or Electronic commerce between |
| the buying, selling, distributing, servicing and marketing of | | | | businesses is referred by Business to Business (B2B) |
| products on the Internet and other computer networks. | | | | either than between a business and a consumer. |
| It involves online marketing, e-marketing, online | | | | Rather than customers or suppliers, B2B businesses |
| transaction processing, electronic data interchange | | | | mostly deal with hundreds or even thousands of other |
| (EDI), electronic funds transfer, and supply chain | | | | businesses. Vast competitive advantages over |
| management, automated inventory management | | | | traditional methods are provided by carrying out these |
| systems, and automated data collection systems. | | | | electronically transactions. Ecommerce is often |
| Presently, it is one of the most important features of | | | | cheaper, faster and more convenient than the |
| the Internet. Ecommerce is exchange of goods and | | | | traditional methods of trading services and goods, |
| services electronically with no barriers of time or | | | | when properly implemented. |
| distance. Over the last five years, Ecommerce has | | | | |