“Born global”, electronic commerce encompasses a wide spectrum of activities, some well established, most of them very new. Driven by the Internet revolution, electronic commerce is dramatically expanding and undergoing radical changes. It includes indirect electronic commerce (electronic ordering of tangible goods), as well as direct electronic commerce (online delivery of intangibles). A fast-moving environment, electronic commerce is engendering a wide array of innovative businesses, markets and trading communities – creating new functions and new revenue streams. (more…)
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