Published October 1, 2021 | Version v1

New business opportunities for e-commerce: Post lockdown

  • 1. Dr. D. Y. Patil B-School, Pune

Description

E-commerce (electronic commerce) is that the activity of electronically buying or selling of products on online services or over the web. E-commerce draws on technologies like mobile commerce, electronic funds transfer, supply chain management; Internet marketing, online transaction processing, electronic data interchange (EDI), inventory management systems, and automatic data collection systems. E-commerce is successively driven by the technological advances of the semiconductor industry, and is that the largest sector of the industry. E-commerce typically uses the online for in any case a neighborhood of a transaction's life cycle although it's going to also use other technologies like e-mail. Typical e-commerce transactions include the acquisition of products (such as books from Amazon) or services (such as music downloads within the sort of digital distribution like iTunes Store. There are three areas of e-commerce: online retailing, electronic markets, and online auctions. E-commerce is supported by electronic business. Electronic commerce or e-commerce (sometimes written as E -Commerce) is a business model that lets firms and individuals buy and sell things over the internet. E-commerce operates in all four of the following major market segments: Business to Business, Business to Consumer, Consumer to Consumer, Consumer to Business.

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References

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