E-Commerce and its Types
E-commerce short for electronic commerce, refers to the buying and selling of goods and services over the internet. It encompasses a wide range of online business activities and transactions. E-commerce allows businesses and consumers to conduct transactions without the constraints of physical locations, offering a seamless and often more efficient alternative to traditional commerce. Types of E-commerce: 1.Business-to-Consumer (B2C): Definition: Transactions between businesses and individual consumers. Examples: Online retail stores like Amazon, clothing brands’ websites, and food delivery services. Features: Typically involves direct sales of products or services to individual customers. Focuses on user-friendly interfaces and customer service. 2. Business-to-Business (B2B): Definition: Transactions between businesses. Examples: Wholesale suppliers, manufacturers selling to retailers, and B2B marketplaces like ...