e-commerce meaning

Pronunciation:
Noun: e-commerce
  1. Commerce conducted electronically (as on the internet)
    - e-business

Type of: commerce, commercialism, mercantilism

Encyclopedia: E-commerce


[Business]
less frequent) (also Internet commerce) noun [U]

the business of buying and selling things using the Internet:

E-commerce has completely changed the way we buy goods and services.

The mail-order firm launched an e-commerce operation last year.

Our e-commerce sales have increased significantly.

The vast majority of e-commerce is B-to-B (= between businesses) and not B-to-C (= between businesses and the public).

M-COMMERCE

❖ to be involved in/expand into/move into e-commerce

◆ an e-commerce initiative/operation/strategy an e-commerce business/company e-commerce software/solutions/systems


[Economics]
The practice of advertising and selling goods and services over the Internet. This is a growing substitute for the traditional use of mail-order catalogues by people who prefer or are obliged to shop from home. Business to business (B2B) use of the Net is also growing. For the firms which are selling, a website is cheaper and more flexible than printing and mailing catalogues.

[Computer]
<application, communications> (EC) The conducting of business communication and transactions over networks and through computers. As most restrictively defined, electronic commerce is the buying and selling of goods and services, and the transfer of funds, through digital communications. However EC also includes all inter-company and intra-company functions (such as marketing, finance, manufacturing, selling, and negotiation) that enable commerce and use electronic mail, EDI, file transfer, fax, video conferencing, workflow, or interaction with a remote computer.

Electronic commerce also includes buying and selling over the World-Wide Web and the Internet, electronic funds transfer, smart cards, digital cash (e.g. Mondex), and all other ways of doing business over digital networks.

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