QUESTION❣❣↙️↙️
What you mean by E-Commerce? Explain
Answers
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★ᴇ-ᴄᴏᴍᴍᴇʀᴄᴇ (ᴇʟᴇᴄᴛʀᴏɴɪᴄ ᴄᴏᴍᴍᴇʀᴄᴇ) ɪs ᴛʜᴇ ʙᴜʏɪɴɢ ᴀɴᴅ sᴇʟʟɪɴɢ ᴏғ ɢᴏᴏᴅs ᴀɴᴅ sᴇʀᴠɪᴄᴇs, ᴏʀ ᴛʜᴇ ᴛʀᴀɴsᴍɪᴛᴛɪɴɢ ᴏғ ғᴜɴᴅs ᴏʀ ᴅᴀᴛᴀ, ᴏᴠᴇʀ ᴀɴ ᴇʟᴇᴄᴛʀᴏɴɪᴄ ɴᴇᴛᴡᴏʀᴋ, ᴘʀɪᴍᴀʀɪʟʏ ᴛʜᴇ ɪɴᴛᴇʀɴᴇᴛ. ᴛʜᴇsᴇ ʙᴜsɪɴᴇss ᴛʀᴀɴsᴀᴄᴛɪᴏɴs ᴏᴄᴄᴜʀ ᴇɪᴛʜᴇʀ ᴀs ʙᴜsɪɴᴇss-ᴛᴏ-ʙᴜsɪɴᴇss (ʙ2ʙ), ʙᴜsɪɴᴇss-ᴛᴏ-ᴄᴏɴsᴜᴍᴇʀ (ʙ2ᴄ), ᴄᴏɴsᴜᴍᴇʀ-ᴛᴏ-ᴄᴏɴsᴜᴍᴇʀ ᴏʀ ᴄᴏɴsᴜᴍᴇʀ-ᴛᴏ-ʙᴜsɪɴᴇss.
ᴇᴄᴏᴍᴍᴇʀᴄᴇ, ᴀʟsᴏ ᴋɴᴏᴡɴ ᴀs ᴇʟᴇᴄᴛʀᴏɴɪᴄ ᴄᴏᴍᴍᴇʀᴄᴇ ᴏʀ ɪɴᴛᴇʀɴᴇᴛ ᴄᴏᴍᴍᴇʀᴄᴇ, ʀᴇғᴇʀs ᴛᴏ ᴛʜᴇ ʙᴜʏɪɴɢ ᴀɴᴅ sᴇʟʟɪɴɢ ᴏғ ɢᴏᴏᴅs ᴏʀ sᴇʀᴠɪᴄᴇs ᴜsɪɴɢ ᴛʜᴇ ɪɴᴛᴇʀɴᴇᴛ, ᴀɴᴅ ᴛʜᴇ ᴛʀᴀɴsғᴇʀ ᴏғ ᴍᴏɴᴇʏ ᴀɴᴅ ᴅᴀᴛᴀ ᴛᴏ ᴇxᴇᴄᴜᴛᴇ ᴛʜᴇsᴇ ᴛʀᴀɴsᴀᴄᴛɪᴏɴs. ᴇᴄᴏᴍᴍᴇʀᴄᴇ ɪs ᴏғᴛᴇɴ ᴜsᴇᴅ ᴛᴏ ʀᴇғᴇʀ ᴛᴏ ᴛʜᴇ sᴀʟᴇ ᴏғ ᴘʜʏsɪᴄᴀʟ ᴘʀᴏᴅᴜᴄᴛs ᴏɴʟɪɴᴇ, ʙᴜᴛ ɪᴛ ᴄᴀɴ ᴀʟsᴏ ᴅᴇsᴄʀɪʙᴇ ᴀɴʏ ᴋɪɴᴅ ᴏғ ᴄᴏᴍᴍᴇʀᴄɪᴀʟ ᴛʀᴀɴsᴀᴄᴛɪᴏɴ ᴛʜᴀᴛ ɪs ғᴀᴄɪʟɪᴛᴀᴛᴇᴅ ᴛʜʀᴏᴜɢʜ ᴛʜᴇ ɪɴᴛᴇʀɴᴇᴛ.
ᴡʜᴇʀᴇᴀs ᴇ-ʙᴜsɪɴᴇss ʀᴇғᴇʀs ᴛᴏ ᴀʟʟ ᴀsᴘᴇᴄᴛs ᴏғ ᴏᴘᴇʀᴀᴛɪɴɢ ᴀɴ ᴏɴʟɪɴᴇ ʙᴜsɪɴᴇss, ᴇᴄᴏᴍᴍᴇʀᴄᴇ ʀᴇғᴇʀs sᴘᴇᴄɪғɪᴄᴀʟʟʏ ᴛᴏ ᴛʜᴇ ᴛʀᴀɴsᴀᴄᴛɪᴏɴ ᴏғ ɢᴏᴏᴅs ᴀɴᴅ sᴇʀᴠɪᴄᴇs.
ᴛʜᴇ ʜɪsᴛᴏʀʏ ᴏғ ᴇᴄᴏᴍᴍᴇʀᴄᴇ ʙᴇɢɪɴs ᴡɪᴛʜ ᴛʜᴇ ғɪʀsᴛ ᴇᴠᴇʀ ᴏɴʟɪɴᴇ sᴀʟᴇ: ᴏɴ ᴛʜᴇ ᴀᴜɢᴜsᴛ 11, 1994 ᴀ ᴍᴀɴ sᴏʟᴅ ᴀ ᴄᴅ ʙʏ ᴛʜᴇ ʙᴀɴᴅ sᴛɪɴɢ ᴛᴏ ʜɪs ғʀɪᴇɴᴅ ᴛʜʀᴏᴜɢʜ ʜɪs ᴡᴇʙsɪᴛᴇ ɴᴇᴛᴍᴀʀᴋᴇᴛ, ᴀɴ ᴀᴍᴇʀɪᴄᴀɴ ʀᴇᴛᴀɪʟ ᴘʟᴀᴛғᴏʀᴍ. ᴛʜɪs ɪs ᴛʜᴇ ғɪʀsᴛ ᴇxᴀᴍᴘʟᴇ ᴏғ ᴀ ᴄᴏɴsᴜᴍᴇʀ ᴘᴜʀᴄʜᴀsɪɴɢ ᴀ ᴘʀᴏᴅᴜᴄᴛ ғʀᴏᴍ ᴀ ʙᴜsɪɴᴇss ᴛʜʀᴏᴜɢʜ ᴛʜᴇ ᴡᴏʀʟᴅ ᴡɪᴅᴇ ᴡᴇʙ—ᴏʀ “ᴇᴄᴏᴍᴍᴇʀᴄᴇ” ᴀs ᴡᴇ ᴄᴏᴍᴍᴏɴʟʏ ᴋɴᴏᴡ ɪᴛ ᴛᴏᴅᴀʏ.
sɪɴᴄᴇ ᴛʜᴇɴ, ᴇᴄᴏᴍᴍᴇʀᴄᴇ ʜᴀs ᴇᴠᴏʟᴠᴇᴅ ᴛᴏ ᴍᴀᴋᴇ ᴘʀᴏᴅᴜᴄᴛs ᴇᴀsɪᴇʀ ᴛᴏ ᴅɪsᴄᴏᴠᴇʀ ᴀɴᴅ ᴘᴜʀᴄʜᴀsᴇ ᴛʜʀᴏᴜɢʜ ᴏɴʟɪɴᴇ ʀᴇᴛᴀɪʟᴇʀs ᴀɴᴅ ᴍᴀʀᴋᴇᴛᴘʟᴀᴄᴇs. ɪɴᴅᴇᴘᴇɴᴅᴇɴᴛ ғʀᴇᴇʟᴀɴᴄᴇʀs, sᴍᴀʟʟ ʙᴜsɪɴᴇssᴇs, ᴀɴᴅ ʟᴀʀɢᴇ ᴄᴏʀᴘᴏʀᴀᴛɪᴏɴs ʜᴀᴠᴇ ᴀʟʟ ʙᴇɴᴇғɪᴛᴇᴅ ғʀᴏᴍ ᴇᴄᴏᴍᴍᴇʀᴄᴇ, ᴡʜɪᴄʜ ᴇɴᴀʙʟᴇs ᴛʜᴇᴍ ᴛᴏ sᴇʟʟ ᴛʜᴇɪʀ ɢᴏᴏᴅs ᴀɴᴅ sᴇʀᴠɪᴄᴇs ᴀᴛ ᴀ sᴄᴀʟᴇ ᴛʜᴀᴛ ᴡᴀs ɴᴏᴛ ᴘᴏssɪʙʟᴇ ᴡɪᴛʜ ᴛʀᴀᴅɪᴛɪᴏɴᴀʟ ᴏғғʟɪɴᴇ ʀᴇᴛᴀɪʟ.
ɢʟᴏʙᴀʟ ʀᴇᴛᴀɪʟ ᴇᴄᴏᴍᴍᴇʀᴄᴇ sᴀʟᴇs ᴀʀᴇ ᴘʀᴏᴊᴇᴄᴛᴇᴅ ᴛᴏ ʀᴇᴀᴄʜ $27 ᴛʀɪʟʟɪᴏɴ ʙʏ 2020.