E-commerce

E-commerce, short for electronic commerce, refers to the buying and selling of goods or services using the internet, and the transfer of money and data to execute these transactions. E-commerce is often used to refer to the sale of physical products online, but it can also describe any kind of commercial transaction facilitated through the internet.

• Business to Consumer (B2C): Businesses sell directly to consumers, like Amazon and eBay.
• Business to Business (B2B): Businesses sell to other businesses, like wholesale distributors.
• Consumer to Consumer (C2C): Consumers sell to other consumers, often through platforms like eBay.
• Consumer to Business (C2B): Consumers offer products or services to businesses, such as on Upwork.

E-commerce has transformed the retail industry by providing consumers with unprecedented convenience and choice, while enabling businesses to reach a broader audience. It has also led to the rise of new business models, such as subscription services and dropshipping. However, it also presents challenges, such as increased competition, the need for robust logistics and supply chain management, and concerns over data privacy and security.