Question

What is e-commerce? What's it used for?

Answer 1

E-commerce -- electronic commerce or EC -- is the buying and selling of goods and services, or the transmitting of funds or data, over an electronic network, primarily the internet. These business transactions occur either as business-to-business, business-to-consumer, consumer-to-consumer or consumer-to-business.

Answer 2

Q) What is e-commerce and what is it used for ?

• E-Commerce is the selling and buying of products online. How does this buying and selling happen ? By the use of credit card, paypal paytm and other electronic money.

• E-Commerce is the way by which many companies do business online. It is a very profit making business.

• How do companies do e-commerce ? Companies offer products or services for which they ask people to pay money. Example a clothing store online will sell their clothes online and deliver it to the place of the person who ordered that cloth. For the cloth the person bought he pays the company online using e-commerce.

• There are many successful e-commerce website one of the most famous e-commerce website which all of us know is amazon. In fact the owner of amazon is the richest person in the world. By this we can understand the big potential of e-commerce. This is the feature of tomorrow.

• Other famous e-commerce websites are Flipkart, Netflix, Shopify etc.