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Electronic commerce (e-commerce) involves the exchange of goods and services, or the transmission of funds or data, over an electronic network, primarily the internet. A business transaction can be business-to-business (B2B), business-to-consumer (B2C), consumer-to-consumer, or consumer-to-business.
E-commerce
electronic commerce
E-commerce is the trading and selling that happens over the internet. These include business to business, consumer to consumer, and business to consumer.
It is defined as a transaction that takes online between a business and a consumer. This all happens without actually meeting with either party and has risen since the invention of the internet.
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The term "electronic commerce" or "E-commerce" describes the use of the internet to conduct business transactions.
An online transaction is business that takes place over the internet instead of in person. If you were to purchase and item from a company's website, that would be an online transaction.
I made a research and it says that: Business transaction is a economic activity or event that initiates the accounting process of recording it in the firm's accounting system while personal transaction means is a set of custom fields grouped together into a specific transaction type ad linked into a role. -Internet, Wikipedia
1. Business to Consumer (B2C) - Business firms sell their products and services to the consumers via internet.2. Business to Business (B2B) - Business firms sell their product and services to other business firms via internet.3. Consumer to Consumer (C2C) - In this transaction customer sells product directly to other customers via internet4. Peer to Peer - It is a computer system which are connected to each other via internet. Files are transfer from one system to another without the need of central server.5. Consumer to Business - This category includes individuals who sell products are services to organizations.6. Non Business Ecommerce - Use of ecommerce by not for profit organization such as religious organization, government agencies and academic institutes to reduce their expenses or to improve their operations and customer service.
E-commerce is the process of to do business on the internet and it refers to purchase and sale good/services via electronic channels, like the internet. E-commerce is the paperless process of sharing business information and transaction.
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