Chapter 6: Electronic Commerce

Electronic commerce (e-commerce, EC) describes the buying, selling, transferring or exchanging of products, services or information via computer networks, including the Internet.

i- Mobile Commerce (m-commerce) refers to e-commerce that is conducted in a wireless environment. i.e. using cell phone to shop over the Internet.

ii- Business model is the method by which a company generates revenue to sustain itself.

iii- Auction is a competitive process in which either a seller solicits bids from buyers or a buyer solicits bids from sellers.

iv- Forward auctions are auctions that sellers use as a channel to many potential buyers.

v- Reverse auctions one buyer, usually an organization, wants to buy a product or service

vi-  Electronic storefront is a Web site on the internet representing a single store.

 vii- Electronic mall (cybermall, e-mall) is a collection of individual shops under one Internet address.

viii-  Electronic marketplace (e-marketplace) is a central, virtual market space on the Web where many buyers and many sellers can conduct electronic commerce and electronic business activities.








Prepared by : Nur Farah Wahida Bt. Ahmad
Prepared for : Miss Ernie
21 March 2011