Question

what is e-commerce

Answer 1

what is e-commerce ?

Electronic commerce or e-commerce is a business model that refers to buying and selling of goods or services using the internet, and the transfer of money and data to execute these transactions. It 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. It encompasses a wide variety of data, systems, and tools for both online buyers and sellers. E-commerce can be a substitute for brick-and-mortar stores E-commerce operates in all four of the following major market segments:

• Business to business (B2B)
• Business to consumer (B2C)
• Consumer to consumer (C2C)
• Consumer to business (C2B)