E-commerce is the activity of buying or selling of products on online services or over the Internet. Electronic commerce draws on technologies such as mobile commerce, electronic funds transfer, supply chain management, Internet marketing etc.
Modern electronic commerce typically uses the World Wide Web for at least one part of the transaction's life cycle although it may also use other technologies such as e-mail.
“E-commerce” and “e-business” are application forms of the Internet economy. E-commerce is understood as part of e-business, which also includes, for example, video conferencing and teleworking.
E-business processes are carried out using ICT (information and communication technologies) equipment and applications. In this respect, e-business and e-commerce are components of information and communication technologies use.
Shoppers can buy online at their convenience at any time and from anywhere. A popular way of conducting business on the internet is through a website. The goods or services are ordered over the internet, but the payment or ultimate delivery of the good or service may be conducted on or off line.
The main difference from the traditional business model is that the channel of communication has changed and the concepts of time, space and distance have been completely altered.
Electronic ordering of groceries and their joint distribution seem to present a definite opportunity to reduce the total transportation related to grocery shopping and its associated energy consumption and emissions. Simulations show that home deliveries could reduce traffic mileage by 2% to 19%, energy consumption by 5% to 35%, and CO2 emissions by 7% to 90%, depending on the context and assumptions.
Internet commerce system
Enron: Rise, Scandal, and the Legacy of Corporate Greed
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Enron Corporation, once a giant in the energy industry, rose to prominence
through innovative strategies and rapid expansion, only to collapse under
the we...