e-Business Versus e-Commerce
Despite the fact that, many a times, the terms e-business and e-commerce are used interchangeably, yet more specific definitions would differentiate between the two. While the term 'business' is a broader term than 'commerce', e-business is a more intricate term and comprises several business transactions and functions done electronically, including the extra popular gamut of transactions called 'e-commerce.' e-commerce covers an organisation's communications with its customers and suppliers through the internet. e-business has in its fold not only e-commerce, but also other electronically conducted business functions such as production, inventory management, product development, accounting & finance and human resource management. e-business is, hence, undoubtedly much more than buying and selling through the internet, i.e., e-commerce.