### transaction | commerce:

Electronic commerce
* Most electronic commerce occurs across phone lines.
* begins with a global marketplace.
* by-product of literacy.
* can allow corporations to become more efficient and workers more productive
  - also raise the economic hopes for developing businesses
  - be a source of competitive strength for Tasmania and Tasmanian businesses
  - help boost sales, lower costs and improve customer service
  - significantly improve an organization s efficiency and effectiveness
  - take a number of forms
* continues to evolve dramatically.
* creates an open marketplace with increased competition.
* depends upon the storage and processing of transactions in databases.
* draws hackers.
* encompasses all aspects of using the Internet for business or personal use.
* expands the market place.
* global phenomenon.
* goes beyond selling on the Web.
* growing area fuelled by the popularity of the Internet
  - sales channel for business
* grows slowly.
* has implications for women as consumers, producers and organizers.
* has the potential to become a huge river of wealth creation
  - lower the cost of business and increase consumer options
  - offer consumers an enormous choice of goods and services
  - substantially benefit business and consumers
* helps to alleviate the obstacles of distance, space, and time.
* hot topic in both the computer industry and the business world.
* includes all aspects of business processes enabled by Internet technologies.
* increases consumer susceptibility to unsolicited advertising and marketing.
* involves information publishing, data access and transaction processing
  - relationships on the network
* is about doing business electronically
  - in the age of computer and electronic networks
  - on the web
  - speed and flexibility
* is also about communictions
  - computers
* is an area where graduates are in demand
  - which is moving very fast in Canada and around the world
  - ever-expanding area in the business world
  - extremely significant component of today's technology-driven economy
  - innovative approach to ensuring future sustainable economic growth
  - issue in which our collective experience is just beginning to evolve
  - opportunity for developing countries to expand trade
* is at the leading edge of business process innovation
  - the trends that are transforming the world economy
  - commercial activities
  - de facto an international market phenomenon
  - dynamic, competitive and market driven
  - essentially a global, rather than a national, issue
  - far and away the fastest growing area of business in the world today
  - global by definition and essentially unrestricted by geography
  - global, information driven, and technologically efficient
  - heavily involved with attaching databases to web sites
  - important to a business because the future of the company can be at stake
  - in the process of reinventing how business is done
  - increasingly global and can reinforce the trend towards tradeliberalization
  - just a way for customers to shop on line
  - key to every major industry today
  - maybe number one way to sell products in the future
* is more than buying widgets online
  - just buying and selling products online
  - simply buying and selling over Web sites
* is much more than buying and selling goods online
  - online transactions
  - no different than any other type of commerce
* is one class of services in which authorization decisions play a prominent role
  - example of the use of technology in the supply chain management process
  - of the first products of the emerging internet economy
  - part of a broader process of economic, social and cultural change
  - possible through secure protocols
  - remote commerce
  - sales over the Internet, with or without on-line payment
  - seen as a complementary promotional tool to personal selling
  - set to be one of the driving forces behind the global economy
  - simply a way to market and sell products over the Internet
  - still new to most people
  - technology for change
* is the act of buying and selling products or services on the web
  - doing of business electronically
  - enabler and integrator rather than the originator or purpose
  - evolution of traditional business
  - fastest growing use of the Internet
* is the future of business
  - glue that holds the supply chain together
  - leveler between great and small
* is the most potent vehicle to increase tax collection
  - recent step in the evolution of business transactions
* is the new horizon for the business world
  - way of business
  - process of buying and selling goods electronically
  - use of computer networks to improve organizational performance
  - wave of the future for state licensing agencies
  - way to the future
  - today still a small but rapidly growing part of the business world
* makes it possible to trade at low cost across regions and national frontiers.
* means commercial transactions conducted over electronic networks.
* means conducting business electronically
  - on the Internet
  - of enabling and supporting such changes on a global scale
* method for effectively selling products and services via the internet.
* needs electronic meeting places to conduct business.
* occurs over an inherently global medium.
* potentially major source of growth for small and medium-sized activities.
* presents all businesses with new ways, reasons, and opportunities to change.
* raises a significant number of legal issues
  - whole host of security and privacy issues
  - many questions relating to the concept of permanent establishment
  - serious privacy concerns for consumers
* rapidly evolving medium, as are the laws governing it
  - growing area accompanied by the growth of the Internet
* refers to a wide range of transactions
  - more than the buying and selling of goods over the Internet
* requires the ability to easily and securely submit and retrieve data.
* transcends geographic boundaries, cultural biases, and political differences.
* waits for consumers to get faster on-line access.