The e-world

The Internet era has significantly changed the way people and organizations around the world interact with each other. What was earlier only a medium of transferring data or communication has now become the gateway for trade and commerce. Electronic commerce is the application of communication and i...

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Bibliographic Details
Published inSansmaran Research Journal Vol. 2; no. 2; pp. 24 - 27
Main Author Modi, R K
Format Journal Article
LanguageEnglish
Published Mumbai Guru Nanak Institute of Management Studies 01.12.2012
Subjects
Brand loyalty
Brand names
Cellular telephones
Consumers
Cost reduction
Credit cards
Customer services
Electronic commerce
Electronic data interchange
Information sharing
Internet
Marketing
Product quality
Shipments
Smart cards
Supply chains
India
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Summary:The Internet era has significantly changed the way people and organizations around the world interact with each other. What was earlier only a medium of transferring data or communication has now become the gateway for trade and commerce. Electronic commerce is the application of communication and information sharing technologies among trading partners to meet business objectives. The trading partners separated by geography and expertise are able to engage in complex joint business activities, as if they were a single enterprise. E-commerce is associated with the buying and selling of information, products and services via computer networks through information processing. Thus cutting costs while improving the quality of goods and services and increasing the speed of service. As awareness of the Internet throughout the commercial world and general public increases, competitiveness will force lower entry barriers, continued rapid innovation and expansion of markets.
ISSN:2278-7801