What is “E-Commerce”?
E-commerce is the term used to describe the selling of goods and services over the Internet. In the most general sense, simply creating a Web site that advertises and promotes your products can be considered E-commerce. In recent years, however, E-commerce has become much more sophisticated. E-commerce businesses now offer elaborate online stores where customers can browse thousands of products, place an order, select the desired shipping method and pay for their purchases using their credit cards.
Electronic commerce (e-commerce) is the idea of doing business electronically over the Internet. No longer bound by time or geography, e-commerce provides store owners with access to their customers. This significantly expands a store owner’s opportunity to satisfy demand for products, services, and information of each customer. Online purchasing is becoming as common and convenient as ordering by telephone or fax.
A. E-commerce is a general term for any type of business, or commercial transaction, that involves the transfer of information and funds across the Internet. This covers a range of different types of selling, from consumer-based retail sites through auction and music sites, to business exchanges trading goods or services between corporations.
It stands for electronic commerce. Basically it refers to two or more parties making business transactions across a network. It can be a direct connection or the Internet. This includes business-to-business transactions, online retail, and the digitalization of the financial industry. Most people connect eCommerce with online retailing – using the Web to sell goods, services and information to consumers. This began four years ago and is experiencing drastic growth and will continue to grow well into the new millennium.
