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e-commerce
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in full electronic commerce

maintaining business relationships and selling information, services, and commodities by means of computer telecommunications networks.

Although in the vernacular e-commerce usually refers only to the trading of goods and services over the Internet, broader economic activity is included. E-commerce consists of business-to-consumer and business-to-business commerce as well as internal organizational transactions that support these activities.

E-commerce originated in a standard for the exchange of business documents, such as orders or invoices, between suppliers and their business customers. This standard had its inception in the 1948–49 Berlin blockade and airlift. The U.S. Army quickly discovered that the normal manner of transacting business—accompanied by paper......

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Approximate Pages: 3 (250 words per double-spaced page)

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