TELECOMMERCE Meaning and
Definition
-
Telecommerce is a term that refers to the process of conducting business transactions, such as buying and selling goods or services, through telecommunications technologies. It involves the use of electronic communication methods like telephone, internet, or video conferencing to facilitate commercial activities remotely. Telecommerce enables individuals or organizations to engage in various forms of trade, commerce, or financial transactions without the need for physical presence or direct face-to-face interactions.
In telecommerce, customers can browse and purchase products or services from online stores through websites or mobile applications. It also includes other functionalities like online payment processing, order tracking, and customer support, which are crucial for ensuring a seamless buying experience.
Furthermore, telecommerce encompasses different business models such as business-to-consumer (B2C), business-to-business (B2B), or consumer-to-consumer (C2C) transactions. This broad range allows for the exchange of goods or services between individuals, companies, or even governments, expanding the scope of telecommerce.
The rise of telecommunication technologies and the internet have significantly influenced the growth and evolution of telecommerce. It has become an important aspect of modern business strategies as companies adapt to the digital age and seek to reach broader markets. Telecommerce offers convenience, cost efficiency, and global connectivity, making it a vital tool in the contemporary commercial landscape.
Common Misspellings for TELECOMMERCE
- relecommerce
- felecommerce
- gelecommerce
- yelecommerce
- 6elecommerce
- 5elecommerce
- twlecommerce
- tslecommerce
- tdlecommerce
- trlecommerce
- t4lecommerce
- t3lecommerce
- tekecommerce
- tepecommerce
- teoecommerce
- telwcommerce
- telscommerce
- teldcommerce
- telrcommerce
- tel4commerce
Etymology of TELECOMMERCE
The word "telecommerce" is a combination of two root words: "tele" and "commerce".
- "Tele" is a prefix derived from the Greek word "tēle", meaning "distant" or "far off". It is commonly used in English to denote activities or processes related to distance or communication over a distance, such as telephone, television, telegraph, etc.
- "Commerce" originates from the Latin word "commercium", which is a combination of "com-" (meaning "together" or "with") and "mercium" (meaning "trade" or "merchandise"). Commerce refers to the activity of buying, selling, or trading goods and services.
When these two root words are combined, "telecommerce" conveys the idea of commercial transactions or business activities conducted over a distance, typically using telecommunications technology.
Similar spelling words for TELECOMMERCE
