E Business And E Commerce Essay

766 Words Jul 26th, 2015 4 Pages
E-business and e-commerce are terms that are sometimes used interchangeably, and sometimes they’re used to differentiate one vendor’s product from another. But the terms are different, and that difference matters to today’s companies. In both cases, the e stands for “electronic networks” and describes the application of electronic network technology- including internet and electronic data interchange EDI- to improve and change business processes.
E-commerce is buying and selling using an electronic medium. It is accepting credit and payments over the net, doing banking transactions using the internet, selling commodities or information using the World Wide Web and so on. E-business in addition to encompassing E-commerce includes both front and back-office applications that form the engine for modern E-commerce. E-business is not just about E-commerce transactions it’s about re-defining old business models, with the aid of technology to maximize customer value. E-business is the overall strategy and E-commerce is an extremely important facet of E-business.
E-business has become standard operating procedure for the vast majority of companies. Setting up and running an e-business, especially one that processes a large number of transactions, requires technical, marketing and advertising expertise. Consumers like to access to products and services on a 24-by-7 basis, and the easiest way to provide that is to move operations online. The businesses that provide the most…

Related Documents