Meaning – E-commerce is the buying and selling of good or services via the internet, and the transfer of money and data to complete the sales. It’s also known as electronic commerce or internet commerce
E-Commerce is a subset of an E-Business wherein this term focusses more on the transactions that go on within the business. An E-Business encompasses the whole domain of the business including inventory, promotions, content and even a transactions portal.
The word E-Commerce, focuses more on the transactions performed between the vendor and the consumer.
The different kinds of e-commerce platform are –
- Business to Consumer (B2C)
- Business to Business (B2B)
- Direct to Consumer (D2C)
- Consumer to Consumer (C2C)
- Consumer to Business (C2B)
Example of usage – “Since she was going to allow customers to complete the payments on their computers., she had to decide what kind of an E-Commerce platforms was needed.”
