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E-commerce refers to a wide range of online business activities for services and products. It also pertains to any form of business transaction in which the parties interact electronically rather than by physical exchanges or direct physical contact.
A more complete definition is: E-commerce is the use of electronic communications and digital information processing technology in business transactions to create transform and redefine relationships for value creation between or among organizations, and between organizations and individuals.
E-commerce is usually concerned with buying and selling over the Internet, or conducting any transaction involving the transfer of ownership and rights to use goods or services through a computer-mediated network.
E-commerce draws on technologies such as mobile commerce, Product management, Internet marketing, electronic funds transfer, supply chain management, online transaction processing and electronic data interchange. inventory management systems, Online shopping is a form of e-commerce which allows clients to directly buy goods or services from a seller over the Internet using a web browser.
In the case where a business buys from another business, the process is called business-to-business online shopping.
E-commerce businesses may employ some or all of the following information:
- Online shopping web sites for retail sales direct to consumers
- Online product sailing on websites
- Providing or participating in online marketplaces, which process third-party B2C or consumer-to-consumer sales
- Improve online business to do sale
- Business-to-businessbuying and selling
- Collecting and using demographic data through web contacts and social media
- B2B electronic data interchange
- Online financial exchanges for currency exchanges or trading purposes