Analysis on Role of E-Commerce in Reducing Operational Cost

Abstract

E-commerce means electronic commerce. E-commerce involves carrying on a business with help of the internet and by using the information technology like Electronic Data Interchange (EDI). E-commerce relates to a websites of the vendor on the internet, who trades products or services directly to the customer from the portal. The portal uses a digital shopping cart or digital basket system and allows payment through credit, debit card or EFT (Electronic fund transfer) payments.