ITM 102 Chapter 13: ITM102-Chapter13Notes.docx

• School: Ryerson University
• Department: Information Technology Management
• Course: ITM 102
• Professor: Carol Chauncey

Document Summary

E-commerce refers to the use of the internet and the web to transact business. it is about digitally enabled commercial transactions between and among organizations and individuals. Commercial transactions involve the exchange of value (money). E-commerce mirrors the history of many technological innovations such as the telephone, radio and television. B2b e-commerce - use of internet for business-to-business commerce and collaboration among business partners is driving the e-commerce marketplace, with as much as 75 percent of online sales volume. The internet and e-commerce technologies are much more rich and powerful than previous technology revolutions like radio, television, and the telephone. Ubiquity: e-commerce is ubiquitous, meaning that it is available just about everywhere, at all times. It makes it possible to shop from your desktop at home, at work or even from your car. The result is called marketspace - a marketplace extended beyond traditional boundaries and removed from a temporal and geographic location.