Business transaction definition12/3/2023 ![]() What is e-business and how the orders are processed are discussed with the help of particular figures? The order fulfillment process is based on all the activities needed for a customer to get his ordered product or service including the related customer services. It is electronic business cooperation that connects the individual companies and forms a virtual business with a common transaction offer. It is used between individuals and organizations to prepare transaction decisions. Online communities (also known as web communities or internet communities) are groups of people having the same interests or purposes who use the internet to communicate with each other. Moreover, the following are also known as e-business areas: 4. ![]() Keep in mind, that the operator of an online marketplace only presents the inventory of other people and provides the transaction facility. It is electronic commerce that connects the buyers and suppliers to the services or products over the internet. The owners of online stores should host their eCommerce website on the PCI compliant hosting because Payment Card Industry Security Standards Council ( PCI SSC) makes it compulsory for those who are accepting the online payments. The main purpose of these online stores is to save precious time and money.Īnyone can buy products or services by making online payments using credit cards, cash on delivery, and other payment methods. Online stores are also known as e-shops, internet shops, web-store, virtual stores, web-shop, m-commerce, and online storefront. It is electronic sourcing (website or application) for products or services, such as online shopping stores. Basically, e-procurement is a way adopted by companies to reduce costs and efforts by sourcing products or services electronically. It is also known as supplier exchange in which business to business, business to government, business to consumer, and sales of services are made with the help of the internet. But following three areas have great importance for e-business: 1. ![]()
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