Overview of E-commerce

Here's an overview of e-commerce

E-commerce or electronic commerce is the buying/purchasing or selling of products, or services through the use of internet. It also includes the distribution and promotion of a certain product or commodity, and even services. It is commonly known as the On Line Shopping. It involves financial transactions by electronic means. The amount of trade conducted electronically has grown since the wide introduction of the internet. A wide variety of commerce is conducted in this way including thing such as electronic funds transfer, online transaction processing, electronic data interchange (EDI), automated inventory management systems, and automated data collection systems. E-commerce can be B2B (Business-to-business) or B2C (Business-to-Consumer).

Business-to-business Electronic Commerce (B2B)
Business to business is a form of e-commerce in which products or services are sold between a firm and another firm. It is typically takes the form of automated processes between trading partners and is performed in much higher volume. B2B can also include marketing activities between businesses, and not just the final transactions that result from marketing.


Business-to-Consumer Electronic Commerce
Business to consumer, is a form of e-commerce in which products or services are sold from a firm to a consumer. This is the most typical and traditional form of e-commerce, because the transaction takes place between the company and the consumer.