| A new way of trading has emerged in the form of | | | | particular, pre-qualified members. The second type of |
| Electronic Commerce. It is popularly know an | | | | e-commerce business relation is the B2C or |
| e-shopping or e-commerce, and it is the buying and | | | | business-to-consumer relation. B2C has two subtypes |
| selling of products and services on electronic systems. | | | | - the direct and intermediated B2C transaction. A direct |
| An example would be doing it on the internet or other | | | | B2C transaction takes place when a consumer directly |
| computer networks. With the growth of e-commerce, | | | | transacts with the seller's computer, such as |
| new advancements has surfaced like electronic fund | | | | transactions that occur on The purchase is made in |
| transfer, marketing on the internet, EDI (Electronic Data | | | | real-time. The other subtype is the intermediated |
| Interchange) and inventory management systems. The | | | | transaction wherein a third party is present to |
| World Wide Web is normally used in e-commerce but | | | | intermediate in the transaction. This type of sale and |
| us also uses a wider range of technologies like | | | | purchase transaction could be seen happening in |
| web-mail systems. | | | | E-commerce has evolved from being only a means to |
| Online retailers are sometimes known as e-tailers, and | | | | facilitate commercial transactions electronically that is |
| online retail as e-tail. There are two types of business | | | | limited to Electronic Data Transfer and Electronic |
| relations in e-commerce. The first is | | | | Funds Transfer into a form of global entrepreneurship. |
| business-to-business or B2B which is e-commerce | | | | Overtime, e-commerce would probably continue to |
| conducted between two businesses. B2B can either | | | | grow and develop as it is utilized by people more and |
| be opened to all interested participants or limited to | | | | more. |