Accounting Systems LO 4 – Basic Features of E- Commerce.

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Accounting Systems LO 4 – Basic Features of E- Commerce

E-Commerce  Using the Internet to perform business transactions is termed e-commerce. LO 4.

 When transactions are between a company and a consumer, it is termed B2C (business- to-consumer) e-commerce.  When transactions are between a company and another business, it is termed B2B (business-to-business) e-commerce. LO 4 E-Commerce

LO 4 E-Commerce  Three more advanced areas where the Internet is being used for business purposes are:  Supply chain management (SCM)  Consumer relationship management (CRM)  Product life-cycle management (PLM)