E-Commerce
E-commerce, short for electronic commerce, refers to the buying and selling of goods and services over the internet. It involves online transactions between businesses (B2B), businesses and consumers (B2C), and consumers to consumers (C2C). E-commerce has become a significant aspect of the global economy, transforming the way people shop, conduct business, and exchange goods and services.
Websites and mobile apps that facilitate the purchase of products or services. Examples include Amazon, eBay, and Shopify.
E-commerce has experienced rapid growth due to factors such as increased internet penetration.
E-Commerce Componenets
- Online Shopping Platforms.
- Payment Systems.
- Online Marketplaces.
- Digital Marketing.
E-commerce has experienced rapid growth due to factors such as increased internet penetration, mobile device usage, and improvements in online payment systems. It offers convenience, accessibility, and a global reach for businesses and consumers alike. The landscape continues to evolve with innovations like augmented reality shopping experiences, voice commerce, and the integration of artificial intelligence in personalized recommendations and customer service.
