What is an e-commerce transaction?

What is an e-commerce transaction?

E-commerce (electronic commerce) is the buying and selling of goods and services, or the transmitting of funds or data, over an electronic network, primarily the internet. These business transactions occur either as business-to-business (B2B), business-to-consumer (B2C), consumer-to-consumer or consumer-to-business.

What is General e-commerce?

The term electronic commerce (ecommerce) refers to a business model that allows companies and individuals to buy and sell goods and services over the Internet. Ecommerce operates in four major market segments and can be conducted over computers, tablets, smartphones, and other smart devices.

What is cross-border e-commerce platform?

As the name suggests, cross-border ecommerce is the process of selling products or services to an international audience, using an online or ecommerce store or platform.

What are the 3 features of e-commerce?

Features of E-commerce :

  • Ubiquity : E-commerce is widespread, that is, it is available everywhere always.
  • Global Reach :
  • Universal Standards :
  • Interactivity :
  • Information Density :
  • Richness :
  • Personalisation :

What are the two kinds of cross border eCommerce?

Cross-border e-Commerce can be between a retailer or brand and a consumer (B2C), or between two businesses (B2B), or between two private persons (C2C).

What are the characteristics of cross border e-commerce?

It has the characteristics of global, anonymity, immediacy, paperless and rapid evolution. In short, cross-border e-commerce is the international application of e-commerce, that is, the implementation of network transactions in foreign trade.

What are the 4 models of e-commerce?

Four Traditional Types of Ecommerce Business Models

  • B2C – Business to consumer. B2C businesses sell to their end-user.
  • B2B – Business to business. In a B2B business model, a business sells its product or service to another business.
  • C2B – Consumer to business.
  • C2C – Consumer to consumer.

What is e-commerce with example?

The standard definition of E-commerce is a commercial transaction which is happened over the internet. Online stores like Amazon, Flipkart, Shopify, Myntra, Ebay, Quikr, Olx are examples of E-commerce websites. By 2020, global retail e-commerce can reach up to $27 Trillion.

What are the main activities of e-commerce?

Activities of E-Commerce are :

  • Buying and selling product online.
  • Online ticketing.
  • Online Payment.
  • Paying different taxes.
  • Online accounting software.
  • Online customer support.