A term, known and used by billions of people all over the world, but yet no common definition for the term of e - commerce exists yet. Maybe the most popular definition is made by the World Trade Organisation (WTO): “E - commerce is understood to mean the production, distribution, marketing, sale or delivery of goods and services by electronic means.”1) So e-commerce can be seen as a mode of vectoring business through electronic means.
Source: “Gabler Wirtschaftslexikon.” Definition: E-Commerce. Gabler Verlag. Web. 09 May 2012. http://wirtschaftslexikon.gabler.de/Definition/e-commerce.html
— Jörn Wohlrabe 2012/05/09 14:09