Electronic commerce is the type of commercial transactions by electronically. The First wave activity was an exchange of informaţion. The word electronically here in this context means that e-commerce transactions through electronic media is complete. This electronic medium most used by computers on Internet. Transactions can be also done by phone, which is mobile and mobile commerce. Mobile commerce is a subset of e-commerce.
Many simple example of e-commerce are:
An individual purchases a book online
Means an individual applicant withdraws from ATM
Orders for goods retailer extranet or EDI network providers
A person or company applying for a free phone number and order requirements of interactive phone system provider.
An office manager orders his office supplies to Internet on a commercial site to the seller.
A worker will book a cheap airline, rail, or if you keep a room in a hotel by surfing the internet website with few mouse clicks.
Complex example may include:
A student visits the website of a bookstore on Internet and makes inquiries about the availability of an out of stock book. The bookstore employee downloads the digital copy of book and prints it along with cover. Until and unless agreement to purchase on this computer mediated network does not occur there is no E-Commerce transaction.
Factors which mainly affect E-Commerce transactions are:
Capital Availability: There should be sufficient source of capital available with Internet based companies so that the can handle their business transactions in a comfortable manner without doing any delay for payments.
Technology: The technology being used by the Internet based companies affects the business. Companies doing E-Commerce transactions should armed themselves with latest and largely acceptable technologies because outdated technologies can bring unpredictable, disastrous and hazardous results and can ruin their businesses.
Example: If a person is to perform electronic transactions, but the virus is using the old version that does not recognize or be able to prevent the entry of new viruses. Now it is possible that a virus could creep into the ranks of the local operating system without the user's knowledge or permission, and report important information such as user account and password, password, etc., then the load can pass this important information the creator of the virus.
This enables designers of these viruses to enter the account without his knowledge or permission, and to commit to such thefts. Therefore, it is involved in electronic transactions for all users with the latest versions of antivirus and anti-virus needs to recommend a market leader such as Norton and PC-cillin, etc.
should be Language: Many e-commerce innovations from the United States and most of the language used is English. So people who do not speak fluent English and have good communication skills, not able to comfortably complete e-commerce transactions.
Attitude: to facilitate electronic commerce requires the possession of an open mind, what to change, innovation, and that people should be able to accept online transactions on manual handling.