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E-commerce

Definition:
• E-commerce consists of the buying and selling of products or
services over electronic systems such as the Internet and other
computer networks.
• Electronic commerce commonly known as e-commerce or
eCommerce.

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Definition of Commerce

• The exchange of goods and services for money


Consists of:
Buyers - These are people with money who want to
purchase a good or service.
Sellers - These are the people who offer goods and
services to buyers.
Producers - These are the people who create the
products and services that sellers offer to buyers.

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T Y P E of E - C O M M E R C E

• B2C—Business-to-Consumer
• B2B—Business-to-Business
• C2C—Consumer-to-Consumer
• P2P—Peer-to-Peer
• M-commerce

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