Location-based Commerce (L-Commerce) refers to the localization of products and services through mobile commerce and context aware computing technologies. L-commerce revolves around 5 key service areas:
- Location: determining the basic position of a person or a thing
- Navigation: plotting a route from one location to another
- Tracking: monitoring the movement of a person or a thing
- Mapping: creating maps of specific geographical locations
- Timing: determining the precise time at a specific location
Read more about Location-based Commerce: Technologies, Applications
Famous quotes containing the word commerce:
“The Great Society is a place where every child can find knowledge to enrich his mind and to enlarge his talents.... It is a place where the city of man serves not only the needs of the body and the demands of commerce but the desire for beauty and the hunger for community.... It is a place where men are more concerned with the quality of their goals than the quantity of their goods.”
—Lyndon Baines Johnson (19081973)