Online Ecommerce Applications

E-Commerce, e-comm, and eCommerce are shorthand terms for electronic commerce. The term pertains to a product or service’s buying and selling on electronic systems like the internet, smartphones and related computer networks. Generally, it pertains to any economic activity that happens over the internet. It involves all kinds of businesses such as investing, banking, rentals, and retail shopping. Ecommerce is used through stimulating and benefiting on innovations in supply chain management, online transaction, electronic funds transfer, automated data collections system, inventory management systems, and internet marketing.

Ecommerce greatly uses the World Wide Web and encompasses wide ranging technologies including mobile devices, telephone, and email. B2B or business-to-business is the term used to describe e-commerce that happens between different businesses. B2C on the other hand is e-commerce that happens between consumers and businesses.

In general, e-comm is deemed as e-business’s sales aspect. It is made up of data exchange to facilitate payment and financing factors of business dealings. Modern e-commerce includes everything from purchasing digital products or content direct online consumption to purchasing traditional goods and services, to other services that manage other kinds of e-commerce. Apart from B2C and B2B there are other types of e-commerce including peer-to-peer (P2P), Business-to-Machines (B2M), Government-to-citizen (G2C), and many others.

 

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