E-Commerce

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.

Features of e-commerce are :

• Time saving
• Less taxes
• Easy to compare prices
• No crowds
• More variety

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