E-Commerce

E-commerce refers to the buying and selling of products and services via computer communications using the Internet. Ge has satisfactions for both the buyers and sellers through its convenience, variety of products and international market.

Electronic commerce or ecommerce is the process of purchasing and selling of goods and service through computer system or the internet.1 First, this kind of a marketplace is extremely convenient since the clients can shop from the comfort of their homes. digital marketplace offers unparalleled convenience, allowing customers to browse and purchase products from the comfort of their homes. Similarly, most commercial establishments reap plenty of benefits of e-commerce such as extended market reach, minimized operation expenses and even supply chain management. E-commerce remains a promising field as technology keeps on developing: artificial intelligence and virtual reality can become the main trends in future.  

Types of E-Commerce

Business-to-Consumer (B2C):

This is the most prevalent form where companies offer products or services to the final consumer of the final good or service. Such as Amazon, eBay online superstores, and online clothing stores.

Business-to-Business (B2B):

In this model one organisation independently sells products or services to another organisation. Here, wholesaling occurs, supply chain activities take place and business to business markets exist.

Consumer-to-Consumer (C2C):

This category of business entails individual business people offering goods and or services to other individuals. Ebay and etsy are examples of a c2c market where buyers and sellers come together online to purchase and sell new, second hand products, handmade etc.

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