The COVID-19 pandemic has forced us all to live more of our lives online in new and unprecedented ways. From homeworking and homeschooling to socializing and meeting family and friends in the virtual world.
Electronic commerce or e-commerce (sometimes written as eCommerce) is a business model that lets firms and individuals buy and sell things over the internet. E-commerce operates in all four of the following major market segments: Business to business, Business to consumer, Consumer to consumer, Consumer to business.
E-commerce has helped businesses establish a wider market presence by providing cheaper and more efficient distribution channels for their products or services.
E-commerce, which can be conducted over computers, tablets, or smartphones may be thought of like a digital version of mail-order catalog shopping. Nearly every imaginable product and service is available through e-commerce transactions, including books, music, plane tickets, and financial services such as stock investing and online banking.
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