E-commerce

E-commerce, short for electronic commerce, refers to the buying and selling of goods and services over the internet. This business model encompasses a variety of transactions including retail sales, wholesale, and business-to-business exchanges. E-commerce enables consumers to purchase products or services online using devices such as computers, tablets, or smartphones. It also includes various activities such as online banking, online ticketing, and digital marketplace interactions. Key components of e-commerce include website development, online payment processing, supply chain management, and digital marketing. E-commerce has significantly transformed traditional retail practices, facilitating a global marketplace that operates 24/7 and offers convenience and a wide selection to consumers worldwide.