Electronic commerce, or e-commerce, consists of the buying and selling of products or services over the internet. The amount of financial transactions conducted electronically has grown rapidly since the emergence of the net. A wide variety of commerce is carried out this way, which has brought significant changes in electronic funds transfer, supply chain management, Internet marketing and online transaction processing.
Modern electronic commerce typically uses the World Wide Web at least at some point in the transaction's lifecycle, although it can include a wider range of technologies such as e-mail as well.
A large percentage of electronic commerce is conducted electronically for virtual items such as access to content on a website, but most electronic commerce involves the transportation of physical items in some way. Online retailers are sometimes known as e-tailers. Almost all big retailers have electronic commerce presence on the World Wide Web.
Electronic commerce that is conducted between businesses is referred to as business-to-business or B2B. Electronic commerce that is conducted between businesses and consumers, on the other hand, is referred to as business-to-consumer or B2C. This is the type of electronic commerce conducted by companies such as Amazon.com.
Electronic commerce is generally considered to be the sales aspect of e-business. It also consists of the exchange of data concerning the financing and payment aspects of the business transactions.
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