E-commerce, often known as electronic commerce, is the exchange of goods and services as well as the sending of money and data through an electronic network, most commonly the internet. These business dealings can be either B2B (business-to-business), B2C (business-to-consumer), C2C (consumer-to-consumer), or C2B.
E-commerce websites enable customers and businesses to purchase and sell to one another on a specific platform, much like a conventional physical retail store. However, the major distinction between e-commerce and physical commerce is that e-commerce transactions take place fully online as opposed to at a physical location.
It helps online shoppers to get a safe buying option from online stores, the activities include helping in selling and buying. It uses demographics and gathers data from different channels to improve customer service.
E-commerce is a need for any business because it offers a variety of opportunities, ranking from marketing opportunities in order to increase the varieties of products helping out in generating sales. it optimizes a well-framed e-store that a business can create and achieve goals.
