E-commerce in the new millenium and its advantages.

'E-commerce in the new millennium' Electronic commerce is the paperless exchange of business information using electronic data interchange (EDI), through means of email, electronic bulletin boards, fax transmissions and electronic funds transfer. The concept of e-commerce is about using the internet to do business better and faster, it refers to internet shopping, online stock and bond transactions, the downloading and selling of "soft merchandise" (software, documents, graphics, music, etc.) and business to business transactions. E-commerce …

…With the added bonus of being able to sell their products online the Coopers Brewing Company has been able to broaden their customer base without the expense of needing to open up numerous amounts of shops. The company has the one Coopers shop in Adelaide but has sold products interstate and even overseas through its e-commerce. Coopers going online was a very important decision and it has worked out to be a positive for them.