Accounting Systems

1
Accounting Systems
LO 4 Basic Features of E-Commerce
2
E-Commerce
LO 4
.

• Using the Internet to perform business
  transactions is termed e-commerce.

3
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.

4
E-Commerce
LO 4

• 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)