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Electronic Commerce means Buying and Selling of Goods, Products, or Services over the internet. E-Commerce is also known as Internet Commerce. These services provided online over the internet network. Transaction of Money, Funds, and Data are also considered as E-Commerce.

These business transactions can be done in four ways:

  • Business to Business (B2B)
  • Business to Customer (B2C)
  • Customer to Customer (C2C)
  • Customer to Business (C2B)
The standard definition of E-Commerce is a Commercial Transaction which is happened over the Internet.

E-Commerce provides the sellers with a global reach. They remove the barrier of place (Geography). Now sellers and buyers can meet in the virtual world, without the hindrance of location. Electronic commerce will substantially lower the transaction cost. It eliminates many fixed costs of maintaining brick and mortar shops. This allows the companies to enjoy a much higher margin of profit.

It provides quick delivery of goods with very little effort on part of the customer. Customer complaints are also addressed quickly. It also saves Time, Energy and Effort for both the Consumers and the Company.

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