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The business world has become increasingly difficult to become successful in In order for organizations to overcome this difficulty they must be able to explore other business-related options It is essential that their operations are fast and efficient while simultaneously maintaining strong customer relations One option that has recently proven to be an effective aid for businesses to progress is Electronic Commerce It allows unlimited business hours due to its around the clock operations lower labour costs than a traditional business and exposes the business through a larger market by means of the World Wide Web With our ever-changing society undeniably striving for technological advancement E-commerce has become an effective method of conducting business Electronic Commerce is defined as 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 E-commerce 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 Electronic Data Interchange file transfer fax video conferencing workflow or interaction with a remote computer Dictionarycom Similar to a traditional business E-commerce involves the buying and selling of goods and services they differ only through their means of these transactions A traditional business is restricted to face-to-face dealings whereas the transactions of E-commerce are done solely through digital communications A typical E-commerce transaction is as follows First the customer must have interest in a product and find it online Once heshe is satisfied with the located product a credit information form is filled out complete with credit name mailing address phone number email address and credit card number with expiry date This information is then sent in and checked by the business After all the information has been verified the product would then be delivered to the customer through a courier service Last but not least
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