6.6 POINTS TO REMEMBER

• Commerce is defined as trading of good & services or if e ‘for electronic’ is added to this, the definition of e-commerce becomes the trading of goods, services, information or anything else of value between two entities over the internet.
• E-Commerce or Electronics Commerce is a methodology of modern business, which addresses the need of business organizations, vendors and customers to reduce cost and improve the quality of goods and services while increasing the speed of delivery.
• EDI is an electronic data interchange. It is the direct communication of trading messages between computer systems, using national and international telecommunications networks.