Entrepreneur Post

E-commerce – Definition & Meaning

E-commerce, short for “electronic commerce,” refers to the buying and selling of goods or services over the internet (not only goods). This can include a wide range of transactions, from buying physical goods like clothing or electronics, to purchasing digital products like music or e-books, to using online services like ride-sharing or subscription-based streaming.

E-commerce transactions can take place through various channels, including company websites, online marketplaces, mobile apps, and social media platforms. Businesses of all sizes, from small start-ups to large multinational corporations, can use e-commerce to reach customers and sell their products or services.

There are several different types of e-commerce models, including business-to-consumer (B2C), business-to-business (B2B), consumer-to-consumer (C2C), and consumer-to-business (C2B). B2C is the most common type of e-commerce, which refers to the sale of products or services from a business to an individual consumer.

E-commerce has grown rapidly in recent years, driven by advancements in technology, an increase in internet and mobile access, and changes in consumer behaviour. Many businesses are now investing in e-commerce to expand their reach, increase sales, and reduce costs. E-commerce is also shaping the way we shop, pay, and interact with businesses in various industries, and providing more convenience to customers and greater opportunities for businesses.

Important points about E-commerce.



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