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What is e-commerce?

a year ago
6
22
E-commerce, short for electronic commerce, refers to the buying and selling of goods and services over the internet. It involves online transactions, digital communication, and electronic data exchange between businesses, individuals, or organizations. E-commerce has revolutionized the way businesses operate and has provided consumers with a convenient and efficient way to shop. There are several types of e-commerce: 1. Business-to-Consumer (B2C): This is the most common type of e-commerce, where businesses sell products or services directly to consumers. Examples include online retail giants like Amazon and eBay, where individuals can purchase a wide range of products from various sellers. 2. Business-to-Business (B2B): In B2B e-commerce, businesses sell products or services to other businesses. This type of e-commerce often involves bulk orders, wholesale pricing, and long-term contracts. An example is Alibaba, a platform connecting manufacturers and wholesalers worldwide. 3. Consumer-to-Consumer (C2C): C2C e-commerce involves individuals selling products or services directly to other individuals. Online marketplaces like Craigslist and Facebook Marketplace enable users to buy and sell used items, rent accommodations, or offer services to each other. 4. Consumer-to-Business (C2B): C2B e-commerce occurs when individuals sell their products or services to businesses. For instance, freelance platforms such as Upwork and Fiverr allow individuals to offer their skills and services to companies looking for specific expertise. 5. Mobile Commerce (m-commerce): M-commerce refers to e-commerce transactions conducted through mobile devices like smartphones and tablets. With the increasing popularity of mobile apps and mobile-friendly websites, consumers can shop, make payments, and conduct transactions on the go. Examples include mobile banking apps, food delivery apps like Uber Eats, and retail apps like Amazon's mobile app. E-commerce offers numerous advantages, including convenience, global reach, cost savings, and personalized shopping experiences. It allows businesses to operate 24/7 without physical store limitations, reach a wider customer base, reduce overhead costs, and provide personalized recommendations based on customer preferences. References: - Laudon, K. C., & Traver, C. G. (2020). E-commerce: Business, technology, society. Pearson. - Chaffey, D., & Ellis-Chadwick, F. (2019). Digital marketing: Strategy, implementation and practice. Pearson.

User Comments

What is Ecommerce? E-commerce, or electronic trade, alludes to exchanges directed through the web. Each time people and organizations are trading items and administrations online they're participating in the web-based business. The term web-based business additionally envelops different exercises including on the web barters, web banking, installment entryways, and web-based tagging. Types of eCommerce businesses There are numerous ways of grouping online business sites. You can arrange them as indicated by the items or administrations that they sell, the gatherings that they execute with, or even the stages on which they work.

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Aden Owen

a year ago

E-commerce refers to the buying and selling of goods and services over the internet. It is also known as electronic commerce or online commerce. This includes a wide range of activities, from online shopping and online banking to online auctions and online marketplaces. E-commerce has grown significantly in recent years, and is expected to continue to grow as more and more people rely on the internet for their shopping and financial needs.

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Angus Stokes

a year ago

E-commerce, short for electronic commerce, refers to the buying and selling of goods and services over the internet. It involves online transactions, digital communication, and electronic data exchange between businesses, individuals, or organizations.

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Ryland Pratt

a year ago

What jobs do people gain from e-commerce?... What processes are involved in e-commerce?... How does it work?

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Brice Zamora

a year ago

E-commerce - Electronic commerce is a online industry for selling your products directly from the internet by creating a website. You buy product and make payment by your credit card and product is delivered to your shipping address, wherever you are in the world you receive your product in 5-10 days. Invastor is good example of ecommerce website. You can buy anything from online website.

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