What Does eCommerce Mean?
Today, running an online business is a natural part of retailers world, and there are many resources mentioning eCommerce with all its attributes. But do you know what does exactly eCommerce mean?
What is an E-commerce?
eCommerce, also known as electronic commerce, is trading in products or services, but also making transactions using computer networks or any electronic means. So in short, the eCommerce term is connected with buying and selling goods over the internet.
Regarding performing the transaction, eCommerce is connected with technologies, such as e-payments, mobile commerce, e-marketing, automated data analysis systems, electronic data interchange, supply chain management, inventory management systems.
eCommerce can be thought of as an advanced medium of transacting businesses and it’s now very common. Almost every product or service can make use of electronic commerce as their form of trading, from financial services and tickets selling to online products selling.
Categories of E-commerce
eCommerce is usually classified into four categories, depending on the transaction’s nature. See its characteristics below.
The Major Benefits of E-commerce
Why people choose the internet to sell and buy goods? Here are the most common electronic commerce benefits.
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