What does ECOM mean in General Business?

This page is about the meanings of the acronym/abbreviation/shorthand ECOM in the Business field in general and in the General Business terminology in particular.

Electronic Commerce

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Definition

What does ECOM mean?

Electronic commerce
Electronic commerce, commonly known as e-commerce, is a type of industry where the buying and selling of products or services is conducted over electronic systems such as the Internet and other computer networks. Electronic commerce draws on technologies such as mobile commerce, electronic funds transfer, supply chain management, Internet marketing, online transaction processing, electronic data interchange, inventory management systems, and automated data collection systems. Modern electronic commerce typically uses the World Wide Web at least at one point in the transaction's life-cycle, although it may encompass a wider range of technologies such as e-mail, mobile devices social media, and telephones as well. 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 business transactions. This is an effective and efficient way of communicating within an organization and one of the most effective and useful ways of conducting business. E-commerce can be divided into: ⁕E-tailing or "virtual storefronts" on websites with online catalogs, sometimes gathered into a "virtual mall"

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"ECOM." Abbreviations.com. STANDS4 LLC, 2019. Web. 18 Oct. 2019. <https://www.abbreviations.com/term/137713>.

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