Ecommerce

 

Ecommerce or e-commerce, commonly known as electronic commerce, consists of the buying and selling of services or products over electronic system such as the Internet and other computer networks.

 

Ecommerce that is conducted between consumers and business is referred to as business-to-consumer or B2C. This is the type of electronic commerce conducted by companies such as Amazon.com. Online shopping is a form of electronic commerce where the buyer is directly online to the seller’s computer usually via the internet. There is no intermediary service. The purchase and sale tractions is completed electronically and interactively in real-time such as Amazon.com for new books. If an intermediary is present, then the purchase and sale transaction is called electronic commerce such as eBay.com. Ecommerce or electronic commerce, On the other hand, that is conducted between businesses is referred to as business-to-business or B2B, which can be open to all interested parties or limited to specific,pre-qualified participants.

 

Ecommerce is generally considered to be the sales aspect of e-business. It also consists of the exchange of data to facilitate the financing and payment aspects of the business transactions.

 

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