ERP Term

Buy and sell transactions that take place on the internet.

E-commerce refers to the buying and selling of goods and services online. Transactions take place over the internet, typically between businesses and consumers. E-commerce can be used for business-to-business (B2B) or business-to-consumer (B2C) transactions.

There are a few key things that make e-commerce different from traditional commerce:

  • Convenience - shoppers can purchase goods and services from the comfort of their own homes (or anywhere else with an internet connection)
  • 24/7 availability - e-commerce businesses are open 24 hours a day, 7 days a week
  • Global reach - businesses can sell to customers anywhere in the world
  • Lower costs - businesses can save on overhead costs by operating online
  • Increased competition - with more businesses selling online, there is increased competition for customers

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