E-commerce

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, including retail sales, electronic payments, online auctions, and internet banking. E-commerce allows consumers and businesses to engage in transactions without the need for a physical storefront, enabling greater convenience and accessibility. It can occur through various platforms, such as websites, mobile apps, and social media. The key components of e-commerce include online marketing, online transactions, supply chain management, and customer service. E-commerce has transformed traditional shopping practices, allowing for a more global and efficient marketplace.