E-commerce Basics !

E-commerce also known as Electronic Commerce, is a term for any tipe of business, or commercial

transaction, that involves the transfer of information and/or funds across the Internet. It covers a range of different type of businesses, from consumer based retail sites, as well as auction or music sites, to business exchanges trading goods and services between corporations. It is currently one of the most important aspects for the Internet to emerge.

E- commerce allows consumers to electronically exchange goods and services with no barriers of

time or distance. It has also expanded rapidly over the past 5 years and it's predicted to continue at this rate, or even accelerate.

There's different types of E- commerce, such as:

• B2B (Business to Business):

These transactions are those where both the transacting parties are businesses. e.g., Manufacturers, Traders, Retailers, etc...

• B2C (Business to Consumer):

These are when a business sells electronically to end-consumers.

• C2C (Consumer to Consumer):

Some of the earliest transactions in the global economic system involved barter -- a type of C2C transaction. But C2C transactions were virtually non-existent in recent times until the advent of ecommerce. Auction sites are a good example of C2C ecommerce.