What is E-commerce?

 Definition:

E-commerce (electronic commerce) is a process of electronically buying or selling of products on online services or over the web . Electronic commerce based on technologies like mobile commerce, electronic funds transfer, supply chain management, Internet marketing, online transaction processing, electronic data interchange (EDI), inventory management systems, and automatic data collection systems. E-commerce is run by the technological advances of the semiconductor industry, and is that the largest sector of the industry .

Modern electronic commerce typically uses the planet Wide Web for a minimum of one a part of the transaction's life cycle although it's going to also use other technologies like e-mail. Typical e-commerce transactions include the acquisition of online books (such as Amazon) and music purchases (music download within the sort of digital distribution like iTunes Store), and to a less extent, customized/personalized online package store inventory services.There are three areas of e-commerce: online retailing, electronic markets, and online auctions. E-commerce is supported by electronic business.

Key factors of E-Commerce:

E-commerce businesses can also employ some or all of the followings:

Online buying retail sales direct to consumers via internet sites and mobile apps, and conversational commerce via live chat, chatbots, and voice assistants.

It is take part in online marketplaces, where it provides third-party business-to-consumer (B2C) or consumer-to-consumer (C2C) sales.

Business-to-business (B2B) buying and selling.

Taking results and using demographic data through web contacts and social media.

Business-to-business (B2B) electronic data interchange.

Publicize to prospective and established customers by e-mail or fax.

Engaging in pre-commerce for launching new products and services.

Help in online financial sector for exchanging  the currency or trading.