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Commerce is defined by Merriam-Webster's Collegiate Dictionary, Tenth Edition, as "The exchange or buying and selling of commodities on a large scale involving transportation from place to place." This is really a long way of saying that commerce, in both its simplest and most complex forms, is simply the exchange of goods and services for money or some other compensation.

Definition of E-Commerce
So what does e-commerce mean anyway? E-commerce is the preeminent buzzword of the online business revolution. It captures the excitement and focus of this fast emerging market. But it is more than a slogan or glib party line. At its core it embodies a concept for doing business online.

Electronic commerce is the paperless exchange of business information using electronic data interchange (EDI), e-mail, electronic bulletin boards, fax transmissions, and electronic funds transfer. It refers to Internet shopping, online stock and bond transactions, the downloading and selling of "soft merchandise" (software, documents, graphics, music, etc.), and business to business transactions.

The concept of e-commerce is all about using the Internet to do business better and faster. It is about giving customers controlled access to your computer systems and letting people serve themselves.

The Internets role in business can be compared to that of the role of telephone in communication. It is a way for people to communicate with each other. It is also a way for a consumer to communicate with a company's computer systems without human intervention. In fact, the Internet is today, one of the main communication medium like the many others we use in business every day.
The Internet is a reasonable alternative to all of those means of communication. Any place and any way that your business communicates with its customer, you should think about how you could have done it online. That is the power of ecommerce.

Can't meet face to face? Send an e-mail with an attached photograph. When is comes time to pay for merchandise, use a secured server to pay by credit card, or even digital cash! The opportunities and situations in which online business is possible are limitless.


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