Perfect Computer Notes

Electronic Market: is a place where online shoppers and buyers meet. E-market handles business transaction including bank-to-bank money transfer also.  In e-market, the business center is not a physical building.  But it is a network-based location where business activities occur.  In e-market, the participants like buyers, sellers and transaction handler are not only one different locations but even they do not know each other. Inter Organizational Information System (IOS): An IOS is a unified system with several business partners.  A typical IOS will include a company and its supplier and customers.  Through IOS buyers and sellers arrange routine business transactions.  Information is exchanged over communication network using specific formats.  So, There is no need for telephone calls, papers, documents or correspondence TYPES OF IOS 1)     EDI(Electronic Data Interchange):  It provide secure B2B connection over value added network(Van’s) 2)      Extranet: which provid

Role of e-commerce The role of e-commerce in daily life is becoming very important. This is the age of computer and internet. People find it easy to shop online and find the ordered goods on their door step. E-commerce can be used in the following ways: 1) Online Education Online education is becoming very popular. Different types of interactive tutorials are available on internet. The students can download online books and tutorials free or with some price. Some websites provide online lectures for students. 2) Electronic Banking Many banks are now introducing online banking. You can connect to your bank using your computer via internet. You can perform daily financial dealings from home. Many customers pay their bills using electronic banking. 3) Electronic Shopping Now, People can shop from home using internet. Different manufacturers present their products on internet. People visit their website and select suitable products to purchase. Credit card is normally

What do you mean by E-Commerce? Electronic Commerce (e-Commerce) is a general concept covering any form of business transaction or information exchange executed using information and communication technologies (ICTs). e-Commerce takes place between companies, between companies and their customers, or between companies and public administrations. Electronic Commerce includes electronic trading of goods, services and electronic material. BRIEF HISTORY OF E-COMMERCE + E-commerce started in early 1970’s with invention of electronic fund transfer(EFT). + Only used by large organizations, financial institutions and a few small business at that time. + After invention of EDI (Electronic Data Interchange) from financial institutions to manufacturers retailers, services and so on. + Many other e-commerce applications started from stock trading to travel reservation system. + With commercialization of internet in early 1990’s. The term electronic commerce was used. Interne