E-BUSINESS AND COMPUTERISED ACCOUNTING| Unit 1
Unit 1 E-BUSINESS AND COMPUTERISED ACCOUNTING Definition of E-Commerce The term electronic commerce (E-commerce) refers to a business model that allows companies and individuals to buy and sell goods and services over the Internet. E-commerce operates in four major market segments and can be conducted over computers, tablets, smartphones, and other smart devices. History of E-Commerce E-commerce is everywhere.but only few know that it has a history that goes back before the internet began.Almost majority of people might have shopped something online at some point, which means we have taken part in E-commerce. E-commerce dates back to the 1960's when companies used an electronic system called the Electronic Data Interchange to facilitate the transfer of documents. But it was in 1994 that the very first transaction ,which involved the sale of a CD between friends through an online retail website called NetMarket took place. The industry ...