Electronic commerce, commonly known as e-commerce, eCommerce or e-comm, refers to the buying and selling of products or services over electronic systems such as the Internet and other computer networks. However, the term may refer to more than just buying and selling products online. It also includes the entire online process of developing, marketing, selling, delivering, servicing and paying for products and services. The amount of trade conducted electronically has grown extraordinarily with widespread Internet usage. The use of commerce is conducted in this way, spurring and drawing on innovations in electronic funds transfer, supply chain management, Internet marketing, online transaction processing, electronic data interchange (EDI), inventory management systems, and automated data collection systems.
Electronic commerce has become a buzzword for businesses over the past few years, with increased awareness about the use of computer and communications technologies to simplify business procedures and increase efficiency. Combining a range of processes, such as Electronic Data Interchange (EDI), electronic mail (e-mail), World Wide Web (WWW), and internet applications, e-commerce provides ways to exchange information between individuals, companies, and countries, but most important of all, between computers. More simply put, e-commerce is the movement of business onto the World Wide Web. This movement has been broken up into two main sectors: business to business (B2B) and business to consumer (B2C). E-commerce comprises core business processes of buying, selling goods, services, and information over the internet. The e-commerce information available on the internet is huge and still growing.
Unfortunately, the political structures of the world have not kept up with the internet technology, and thus business internationally presents a number of challenges. Currency conversions, tariffs, import and export restrictions, local