1. E-COMMERCE

2. Definition of E-commerce It is the purchasing, selling and exchanging of goods and services over computer networks through which transactions or terms of sale are performed electronically.

3. Business Applications email online shopping online banking electronic tickets teleconferencing

4. Advantages of e-commerce Increased sales Decreased costs Reach to global market Opportunity for customers to compare goods No need of physical company setup

5. Disadvantages of e-commerce The internet has still not touched the lives of a great number of people, either due to the lack knowlegde or trust. Security of funds. It is not suitable for perishable commodities.

6. Other Challenges Retraining of traditional sales people who may lose their job. Money laundering