What Do You Mean By ECommerce
1 Answer
Electronic commerce, also known as e-commerce, refers to any type of business or commercial transaction that involves the transmission of data over the Internet. It encompasses a wide range of businesses, from consumer-based retail sites to the auction or music sites, as well as business exchanges between corporations to trade goods and services. This is one of the most important aspects of the Internet that has recently emerged.
E-commerce in its simplest form is the buying and selling of products and services by businesses or consumers on the World Wide Web.
People use the term "e-commerce" or "online shopping" to describe the process of finding and selecting products in an online catalogue and then "checking out" using credit cards and encrypted payment processing. Internet sales are booming as consumers take advantage of
Lower prices offered by vendors working with lower margins as compared to bricks and mortar stores
Time to get to a store and greater convenience of having the product delivered rather than the cost of transportation and parking
Getting products cheaper from overseas vendors
Great variety and catalogue offered by online stores
