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E-commerce is buying and selling using an electronic medium. It is accepting credit and payments over the net, doing banking transactions using the Internet, selling commodities or information using the World Wide Web and so on.
E-Business in addition to encompassing E-commerce includes both front and back-office applications that form the engine for modern E-commerce. E-business is not just about E-commerce transactions; it's about re-defining old business models, with the aid of technology to maximize customer value. E-Business is the overall strategy and E-commerce is an extremely important facet of E-Business.
While many people use e-commerce and e-business interchangeably, they aren't the same, and the differences matter to businesses in today's economy. The "e" is short for "electronic" or "electronic network," and both words apply to business that utilizes electronic networks to conduct their commerce and other business activities. In the same way that all squares are rectangles, but not all rectangles are squares, all e-commerce companies are e-businesses, but not vice versa.
E-Commerce Definition
E-commerce is “any transaction completed over a computer-mediated network that involves the transfer of ownership or rights to use goods and services,” defines the U.S. Census Bureau. Transactions aren't required to have a price and include both sales and items like free downloads. E-commerce includes transactions made on the internet, Intranet, Extranet, World Wide Web, by email and even by fax.
E-Business Definition
E-business is broader than e-commerce; including the transaction based e-commerce businesses and those who run traditionally but cater to online activities as well. An e-business can run any portion of its internal processes online, including inventory management, risk management, finance, human resources. For a business to be e-commerce and e-business, it must both sell products online and handle other company activities or additional sales offline.
Ecommerce is the other word for Electronic Commerce, this is the term used for any type of business or commercial that’s used to transfer information across the internet, Technology used to improve business processes is called Electronic Business
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