E-commerce

E-commerce, short for electronic commerce, refers to the buying and selling of goods and services over the internet. It involves transactions conducted online between businesses, consumers, or between businesses themselves. E-commerce encompasses a wide range of activities, including online retailing, electronic marketplaces, business-to-business (B2B) transactions, and consumer-to-consumer (C2C) exchanges.

Key components of e-commerce include online storefronts, payment processing systems, supply chain management, and marketing strategies. E-commerce leverages technology to facilitate sales without the need for physical stores, enabling businesses to reach a global audience. Consumers can browse products, compare prices, and make purchases from the convenience of their homes using various devices.

E-commerce has grown significantly with the rise of the internet, mobile devices, and digital payment methods, transforming the way commerce is conducted. It includes models such as Business-to-Consumer (B2C), Business-to-Business (B2B), Consumer-to-Consumer (C2C), and Consumer-to-Business (C2B), each facilitating different types of transactions and interactions in the digital marketplace.