Question
Download Solution PDFIdentify the encompassing term that involves the use of electronic platforms to conduct a company’s business.
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFE-Commerce is a term for any type of business, or commercial transaction that involves the transfer of information across the Internet. It covers a range of different types of businesses, from consumer-based retail sites, through auction or music sites, to business exchanges trading goods and services between corporations. It is currently one of the most important aspects of the Internet to emerge.
E-Commerce allows consumers to electronically exchange goods and services with no barriers of time or distance. Electronic commerce has expanded rapidly over the past five years and is predicted to continue at this rate, or even accelerate. In the near future, the boundaries between “conventional” and “electronic” commerce will become increasingly blurred as more and more businesses move sections of their operations onto the Internet.
Hence, the encompassing term that involves the use of electronic platforms to conduct a company’s business is E-Commerce.
- E-Business: e-business may be defined as the conduct of industry, trade, and commerce using computer networks. The network you are most familiar with as a student or consumer is the internet. Whereas internet is a public thorough way, firms use more private, and, hence more secure networks for more effective and efficient management of their internal functions.
- E-Marketing: The e-marketing process is planned and implemented in a computerized networking environment, for example the Internet and the World Wide Web, to promote exchanges and satisfy the customers ' requirements, distribution, promotion, and pricing of goods and services. Their benefits are distinct from conventional marketing. E-marketing gives consumers more flexibility and affordable pricing, which helps businesses to reduce operating costs.
- E-Governance: E-Governance may be defined as an ICT application for the provision of government services, information exchange, transactions, integration of previously-existing services, and information portals.
Last updated on Jun 12, 2025
-> The UGC NET June 2025 exam will be conducted from 25th to 29th June 2025.
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