Let’s Ask the Basic Question: What Is Ecommerce?

Let's Ask the Basic Question: What Is Ecommerce?

Let’s Ask the Basic Question: What Is Ecommerce?

Online business (electronic commerce or EC) is the purchasing and offering of products and enterprises, or the transmitting of assets or information, over an electronic system, basically the web. These business exchanges happen either as business-to-business, business-to-purchaser, buyer to-shopper or customer to-business. The terms web based business and e-business are regularly utilized conversely. The term e-tail is additionally here and there utilized as a part of reference to value-based procedures for internet shopping.

At its core, e-commerce refers to the purchase and sale of goods and/or services via electronic channels such as the Internet. E-commerce was first introduced in the 1960s via an electronic data interchange (EDI) on value-added networks (VANs). The medium grew with the increased availability of Internet access and the advent of popular online sellers in the 1990s and early 2000s. Amazon began operating as a book-shipping business in Jeff Bezos’ garage in 1995. EBay, which enables consumers to sell to each other online.


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