What is E-Commerce?
E-commerce (EC) is the buying, selling and exchanging of goods, services and information or the transmitting of funds or data, over an electronic network, primarily the Internet. It covers a range of different types of businesses, from consumer based retail sites, through auction or music sites, to business exchanges trading goods and services between corporations. It is currently one of the most important aspects of the Internet to emerge.E-Commerce allows consumers to electronically exchange goods and services with no barriers of time or distance. These business transactions occur business-to-business, business-to-consumer, consumer-to-consumer or consumer-to-business. The terms e-commerce and e-business are often used interchangeably. Types of E-Commerce: 1) Business-to-Business Commerce (B2B): B2B refers to electronic commerce between businesses rather than between a business and a consumer. B2B businesses often deal with hundreds or even thousands of other businesses, e...