Accounting

E-Commerce and E-Business

E-Commerce and E-Business

E-commerce refers to online transactions – buying and selling of goods and/or services over the Internet and E-business refers to covers online transactions, but also extends to all Internet based interactions with business partners, suppliers and customers such as: selling direct to consumers, manufacturers and suppliers; monitoring and exchanging information; auctioning surplus inventory; and collaborative product design. These online interactions are aimed at improving or transforming business processes and efficiency.