What is E-Commerce
E-commerce (or electronic commerce) is simply the buying and selling of goods (or services) over the internet. Stated differently, E-commerce is the activity of using the Internet to buy or sell products or online services. To enable such transactions from mobile shopping to online payment encryption and beyond, Internet-based technologies are utilized. For example, electronic funds transfer, electronic data interchange (EDI) and automated data collection systems are among the facilitators of E-commerce. E-commerce encompasses a wide variety of data, systems, and tools for both online buyers and sellers. E-commerce is categorized into six (6) main types namely, (1) B2B, which is an acronym meaning business to business; (2) B2C which is an acronym meaning business to consumer; (3) B2A, which is an acronym meaning business to administration; (4) C2C, which is an acronym meaning consumer to consumer; (5) C2B, which is an acronym meaning consumer to business; and (6) C2A, which is an acronym meaning consumer to administration. There are three main areas of E-commerce: online retailing, electronic markets, and online auctions. E-commerce is supported by electronic business.
E-Commerce and the FTC
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