Whois & Analysis for magnetoitsolutions.com

E-commerce (electronic commerce) is the activity of electronically buying or selling products on online services or over the Internet.

E-commerce draws on technologies such as mobile commerce, electronic funds transfer, supply chain management, Internet marketing, online transaction processing, electronic data interchange (EDI), inventory management systems, and automated data collection systems.

E-commerce is the largest sector of the electronics industry and is in turn driven by the technological advances of the semiconductor industry.

Automation describes a wide range of technologies that reduce human intervention in processes, mainly by predetermining decision criteria, subprocess relationships, and related actions, as well as embodying those predeterminations in machines.

Automation has been achieved by various means including mechanical, hydraulic, pneumatic, electrical, electronic devices, and computers, usually in combination.

Complicated systems, such as modern factories, airplanes, and ships typically use combinations of all of these techniques.

The benefit of automation includes labor savings, reducing waste, savings in electricity costs, savings in material costs, and improvements to quality, accuracy, and precision.

Business operations is the harvesting of value from assets owned by a business.

Assets can be either physical or intangible.

An example of value derived from a physical asset, like a building, is rent.

An example of value derived from an intangible asset, like an idea, is a royalty.

The effort involved in "harvesting" this value is what constitutes business operations cycles.

In the economics study of the public sector, economic and social development is the process by which the economic well-being and quality of life of a nation, region, local community, or an individual are improved according to targeted goals and objectives.

A service is an act or use for which a consumer, firm, or government is willing to pay.

Examples include work done by barbers, doctors, lawyers, mechanics, banks, insurance companies, and so on.

Public services are those that society (nation state, fiscal union or region) as a whole pays for.

Using resources, skill, ingenuity, and experience, service provider's benefit service consumers.

Services may be defined as intangible acts or performances whereby the service provider provides value to the customer.