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A trend for businesses in the 21st century is to offer their products and services electronically, a practice known as electronic commerce, commonly referred to as "e-commerce". Major companies, such as Nike, Adidas, Future Shop, Sears, and other major retailers all offer their products online. This offers quick, easy, and efficient service. There are advantages to engaging in e-commerce. With the expansion of the Internet and a greater thirst for information and knowledge, global competition is becoming fierce, so gaining a competitive advantage is vital to the global and domestic strategy of a firm.

• Definition:

E-commerce primarily deals with distributing, buying, selling, marketing, and servicing of products or services over electronic systems such as the Internet and other computer networks. The information technology industry might see it as an electronic business application aimed at commercial transactions

It can involve electronic funds transfer, supply chain......

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Approximate Word Count: 1177
Approximate Pages: 5 (250 words per double-spaced page)

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