e-commerce, maintaining relationships and conducting business transactions that include selling information, services, and goods by means of computer telecommunications networks. Although in the vernacular e-commerce usually refers only to the trading of goods and services over the Internet, broader economic activity is included.
What is the difference between traditional commerce and e-commerce?
Traditional commerce is taking place since times immemorial but E-commerce is result of integration of digital technology with business processes and commercial transactions. The technological foundations of E-commerce are internet, WWW and various protocols. Feature # 2. Technology Mediated:
How does e-commerce work?
E-commerce relies on technology and digital platforms, including websites, mobile apps and social media to make buying and selling possible. According to the U.S. Census Bureau, e-commerce sales totaled $253.1 billion during the first quarter of 2023, revealing that more businesses are embracing e-commerce.
