We all know the importance of the E-Commerce in today’s times. Shopping online was a concept that seemed to be far sighted with bleak or no future, is growing leaps and bounds.

Whether a person has to buy a needle or an aircraft he finds it everything on line with discounted rates and the ice on cake is that he gets it home delivered.

Definition of E-commerce: It is a transaction of buying or selling online. Electronic commerce draws on technologies such as mobile commerce electronic funds transfer, supply chain management, Internet marketing, online transaction processing, electronic data interchange(EDI), inventory management systems, and automated data collection systems. Modern electronic commerce typically uses the World Wide Web for at least one part of the transaction’s life cycle although it may also use other technologies such as e-mail. 

E-commerce businesses may also employ some or all of the followings:

  • Online shopping web sites for retail sales direct to consumers
  • Providing or participating in online marketplaces, which process third-party business-to-consumer or consumer-to-consumer sales
  • Business-to-business buying and selling;
  • Gathering and using demographic data through web contacts and social media
  • Business-to-business (B2B) electronic data interchange
  • Marketing to prospective and established customers by e-mail or fax (for example, with newsletters)
  • Engaging in pretail for launching new products and services
  • Online financial exchanges for currency exchanges or trading purposes.

(Defnition source :wikipedia)

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