Components Of E-Commerce

E-commerce or Electronic commerce as the phrase states is where everything or anything within the business world which is sold electronically. It means sharing of business information, maintaining professional relationships and by telecommunications networks business transactions are conducted. It is the collective integration of communications, database management, and security proficiency to allow business applications within different organizations and IT companies to naturally exchange information about the selling of goods and services. Speaking extensively, electronic commerce includes the use of communication technologies in financial business, online reservation, order processing and inventory management.
The terms that we will mainly come across while talking about e-commerce are:
• Shopping basket
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Some software development, IT companies that are using e-commerce are:
• American Express uses e-commerce for the credit card transactions.
• Apple Computer uses e-commerce platform to sell computers online.
• Amazon provides various services like selling of books, music CDs, electronics items, software, soft toys, video games and many electronic items.

Business-to-Business (B2B) E-commerce: B2B e-commerce means e-commerce between different companies where one business makes a transaction with another business where the exchange of products, services or information between business is done. B2B handles the relationships between different businesses. The components of B2B are:
• e-frastructure: it is the architecture of B2B e-commerce.
• E - markets: in this the buyers and sellers communicate with each other and conduct transactions on the Websites.
B2B e-commerce has reduced the production cost and has improved the communication between the business