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What is the Nature of e commerce?

Updated: 10/4/2023
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8y ago

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The "E" in "e-commerce" stands for "electronic", thus phrasing e-commerce as "Electronic Commerce".

E-commerce is a transaction from one organisation or individual to another external party, in which value is added.

It is referring to the new digital channel that has emerged from the technology internet, in which it is now possible for customers to purchase products on-line in return for their currency.

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Zora Daniel

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2y ago
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8y ago

E-commerce is the buying and selling of products and services by businesses and consumers over the internet and through other electronic media. E-business is when a company e-enables its processes to do business in a more efficient way using Web technologies. This might include procuring goods and services, dealing with customers as well as selling products

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