Electronic Commerce, Definition And Classification

In this article we are going to explain in front of you about electronic commerce, definition and classification of electronic commerce.

What is Electronic Commerce?

Electronic Commerce as a sphere of economics includes all financial and trading transactions that are processed via computer networks as well as business processes connected to such transactions processing.

Electronic Commerce covers,

1:Electronic Data Interchange (EDI)

2:Electronic Funds Transfer (EFT)

3:Electronic Trade (e-trade)

4:Electronic Money (e-cash)

5:Electronic Marketing (e-marketing)

6:Electronic Banking (e-banking)

7:Electronic Insurance (e-insurance)

Classifications of Electronic Commerce,

Classifications of Electronic Commerce are mentioned below,

B2B(Business-to-Business)

B2C(Business-to-Consumer)

B2E(Business-to-Employee)

B2G(Business-to-Government)

B2O(Business-to-Operator)

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