What is E-commerce? And explain?
Answers
Electronic commerce or ecommerce is a term for any type of business, or commercial transaction, that involves the transfer of information across the Internet. It covers a range of different types of businesses, from consumer based retail sites, through auction or music sites, to business exchanges trading goods and services between corporations. It is currently one of the most important aspects of the Internet to emerge.
Ecommerce allows consumers to electronically exchange goods and services with no barriers of time or distance. Electronic commerce has expanded rapidly over the past five years and is predicted to continue at this rate, or even accelerate. In the near future the boundaries between "conventional" and "electronic" commerce will become increasingly blurred as more and more businesses move sections of their operations onto the Internet.
Business to Business or B2B refers to electronic commerce between businesses rather than between a business and a consumer. B2B businesses often deal with hundreds or even thousands of other businesses, either as customers or suppliers. Carrying out these transactions electronically provides vast competitive advantages over traditional methods. When implemented properly, ecommerce is often faster, cheaper and more convenient than the traditional methods of bartering goods and services.
☆ E-Commerce ☆
The service that authorises all modes of online payments is called payment gateway. Buyers make payment using various options like credit cards or debit card and net-banking. Online sites provide payment feature where bhaiya can enter their payment detail like ka number on bank account number in a secured way. Buyers also inter there address. Once the payment is done the item is scheduled to be dispatched to the bhaiya address and we get the item delivered at our doorstep.
Buying and selling things and services using computers and Internet is called as Electronic Commerce.