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e Commerce

e Commerce

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Published by Zarmeen Siddiqui

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Categories:Types, Brochures
Published by: Zarmeen Siddiqui on Dec 18, 2009
Copyright:Attribution Non-commercial

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10/10/2010

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SUBMITTED TO:MR. SAEED AHMEDSUBMITTED BY:SAMAN MANSOOR ANSARI (8371)MUHAMMAD ALI ABID (8359)ZARMEEN SIDDIQUI (8362)DATE: 18.12.2008
 
What is E-Commerce?
E-commerce (electronic commerce) is the buyingand selling of goods and services over electronicsystems such as internet and other computer systems. In practice, this term and a newer term,E-business, are often used interchangeably.
 
HISTORY OF E-COMMERCE
History of ecommerce dates back to the invention of the veryold notion of “sell and buy”, electricity, cables, computers,modems, and the Internet. Ecommerce became possible in 1991when the Internet was opened to commercial use. Since that datethousands of businesses have taken up residence at web sites. 
At first, the term ecommerce meant the process of execution of commercial transactions electronically with the help of theleading technologies such as Electronic Data Interchange (EDI)and Electronic Funds Transfer (EFT) which gave an opportunityfor users to exchange business information and do electronictransactions. The ability to use these technologies appeared inthe late 1970s and allowed business companies andorganizations to send commercial documentation electronically

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