E-COMMERCE

E-Commerce is the conduct of business ( buying, selling or exchange of products, services or information ) on the Internet (and other computer networks) : from business/consumer to business/business.

According to Lou Gerstner, IBM's CEO: "E-business is all about cycle time, speed, globalization, enhanced productivity, reaching new customers, and sharing knowledge across institutions for competitive advantage."

E-Business can take place anywhere on the Value Chain.

E-Business and can take many different forms