What is eCommerce?
E-commerce, short for electronic commerce, refers to business transactions (buying and selling) conducted over the electronic route, usually the Internet. The gamut of business transactions would entail the entire online process of developing, marketing, selling, delivering, servicing and paying for products and services.
The use of commerce, conducted in this way, has spurred innovations in electronic funds transfer, supply chain management, Internet marketing, online transaction processing, electronic data interchange (EDI), inventory management systems, and automated data collection systems.
Electronic commerce that takes place between businesses is referred to as business-to-business or B2B. Electronic commerce that takes place between businesses and consumers is referred to as business-to-consumer or B2C.