What is e-commerce? (Section 25.7) Data from section 25.7 This section gives a very brief summary of

What is e-commerce? (Section 25.7)

Data from section 25.7

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This section gives a very brief summary of some aspects of e-business and shows how management accounting has a role to play in e-business. You can learn more about e-business by using the 'Further reading' listed at the end of the chapter. Electronic business, usually described as e-business, uses technology to automate and to change existing business practices. It affects product development, marketing, sales and the ways in which goods and services are delivered to customers. Electronic commerce, usually described as e-commerce, is one part of e-business. It relates to all transactions between the company and its customers or suppliers, where electronic media are involved. The customer may wish to inspect a catalogue advertising products. The supplier may wish to draw the company's attention to changes in prices or products. The acts of buying and selling may take place elec- tronically. E-commerce involves aspects of sharing business information about products and services, together with carrying out business transactions. The theme throughout this book has been that management accounting has a role in: planning . decision making control. Now we consider each aspect of the role of management accounting in e-business and e-commerce.