E-Commerce (Electronic Commerce)
E-Commerce or Electronic Commerce means buying and selling of goods, products, or services over the internet.E-commerce is also known as electronic commerce or internet commerce. These services are provided online over the internet network. Transaction of money, funds, and data are also considered as E-commerce.
Its types are as follow:
- Business to Business (B2B)
- Business to Consumer (B2C)
- Consumer to Consumer (C2C)
- Consumer to Business (C2B)
Advantages of E-Commerce:
- E-commerce provides the sellers with a global reach.
- It provides quick delivery of goods
- A customer can shop 24×7
- It reduces the paper work
Disadvantages of E-Commerce:
- The order is placed there can be problems with shipping, delivery, mix-ups etc.
- The e-commerce industry has high risk of failure.
- Credit card theft, identity theft etc. remain big concerns with the customers.
- Time saving
- Less taxes
- Easy to compare prices
- No crowds
- More variety
THE END
