Foreign Electronic Commerce

Definition

• Conducting business electronically.
• Available everywhere and at all times (ubiquity).
• Not confined to a physical space.
• Allows shopping from anywhere.

Comparison with Traditional Commerce

• Traditional commerce is restricted by physical space and time.
• E-commerce breaks these boundaries.

Universal Standards

• E-commerce follows universal standards globally.
• Ensures uniformity and consistency across nations.

Availability of Information

• In traditional commerce, salespeople provide information about products and services.
• E-commerce provides this information on the internet, accessible to everyone.

Key Concepts

• Ubiquity: E-commerce is accessible from anywhere, anytime.