E-commerce is our specialty
Louisville Web Group has been developing e-commerce solutions for business and individuals since 1998 and we’ve worked with virtually every end use application applying virtually every “open source” e-commerce platform available.
The term “e-commerce” is an acronym for the term “Electronic Commerce” and is also referred to as eCommerce. E-commerce has to do with the buying and selling of products or services over electronic systems such as the Internet and other computer networks.
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.
E-commerce is a Basic Element
Quite a bit of e-commerce is conducted entirely electronically for virtual items such as access to premium content on a website, as when you pay a membership fee online to join AAA or AARP, but most electronic commerce involves the transportation of physical items in some way. Online retailers are sometimes known as e-tailers and online retail is sometimes known as e-tail. Almost all big retailers have an e-commerce presence on the World Wide Web.
Types of E-commerce
Electronic commerce that is conducted between businesses is referred to as business-to-business or B2B. B2B can be open to all interested parties (e.g. commodity exchange) or limited to specific, pre-qualified participants (private electronic market).
Electronic commerce that is conducted between businesses and consumers, on the other hand, is referred to as business-to-consumer or B2C. This is the type of electronic commerce conducted by companies such as Amazon.com.
Electronic commerce is generally considered to be the sales aspect of e-business. It also consists of the exchange of data to facilitate the financing and payment aspects of the business transactions.