E-commerce, often known as electronic commerce or online commerce, is the purchasing and selling of products or services through the internet, as well as the transmission of money and data to complete these transactions.
E-commerce is commonly used to refer to the online sale of actual things, but it may also apply to any type of economic transaction that is aided by the internet.
Whereas e-business encompasses all aspects of running an online firm, e-commerce focuses on the sale of products and services.
A consumer-business transaction can be described by any one of four main e-commerce models.
1. Business to Consumer (B2C):
An individual purchases a good or service from a business
2. Business to Business (B2B):
Businesses sell goods or services to other businesses
3. Consumer to Consumer (C2C):
Consumers who sell goods or services to other consumers
4. Consumer to Business (C2B):
A consumer sells their own products or services to a business
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