E-commerce comprises purchasing and selling goods and services in the WWW, and for many companies this is their regular business but extended into the online space, and therefore apart from buying and selling, important are the issuer of money transfers, security, and other aspects of online interaction between companies, customers, suppliers, retailers, middlemen, etc.
All in all, in a broad sense, e-commerce denotes all kinds of commercial relations that are connected with setting home-based and international deals in the web: trade mission, factoring, designing, consulting, investment contracts, leasing, engineering, insurance, sale and purchase contracts, bank services, and many other forms of industrial and business cooperation.
E-commerce allows to ensure that the businesses be ready to face the new challenges, one of the most important being business globalization. The emergence and development of the IT make it possible for the international businesses to reach out for their customers even in the remotest areas of the world. Conducting business in cyberspace is a way to save money, but surely that is not the only advantage.
The rise of e-business has unquestionably changed shopping patterns, forcing retailers to redefine their roles to ensure their place in the market. ...Show more