e- commerce in new business model. now a days business fallow new business models rather than traditional business model. But traditional business has not lost its value because new business model fallow the basis of traditional aspects…both the models are very important for the progress of the business organization.
E commarce or Electronic commerce is a methodalogy of modren business which addresses the need of business organization, vender and custemers cost and improve the quality of goods and services while increasing speedof delivery. E commerce refers to paperless exchange of business information using following ways
Electronic data exchange (EDI)
Electronic bullet in board
Electronic fund transfer
Other network based technology