Ans : Electronic commerce is system that includes not only those transactions that center on buying and selling goods and services to directly generate revenue, but also those transactions that support revenue generation such as generating demand for those goods and service (on the following figure) or facilitating communications between business partner.
Electronic commerce builds on the advantages and structures of traditional commerce by adding tv flexibilities offered by electronic networks (on the following figure)
Components : There are three component of E-Commerce, they are :
1. Institutions :
- Government
- Consumers
- Merchants
- Manufactures
- Suppliers
2. Process :
- marking
- Sales
- Payment
- Fulfilment
- Support
3. Networks :
- corporate
- internet
- commercial
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