Using two examples, describe what types of online services can be described as commerce. (4 marks)
Answers
Answer:
google and Microsoft are the commerce online services
Ecommerce refers to commercial transactions conducted online. This means that whenever you buy and sell something using the Internet, you’re involved in ecommerce.
EXAMPLES :
1) Amazon
We’ve mentioned Amazon quite a bit in this piece and for a good reason: it’s one of the most successful ecommerce businesses in the world. Aside from a thriving marketplace featuring third-party sellers, Amazon also has massive revenue coming in from its Prime membership, as well as subsidiaries such as Amazon Web Services and Zappos.com.
2) Wayfair
Wayfair is a home furnishings e-tailer that offers a wide selection of more than 7 million items. Forbes reports that “Wayfair netted an estimated $18 million on $915 million in 2013, up 55% from the year before.” And as of May 2017, the site had over 36 million total visits.