What does "e-commerce" refer to in online business transactions? 🔊
E-commerce refers to the buying and selling of goods and services over the internet. It encompasses a range of online transactions, including retail sales, digital products, and services accessed via websites and mobile applications. E-commerce enables businesses to reach global audiences efficiently and allows consumers the convenience of shopping from anywhere at any time. This domain is characterized by diverse payment methods, including credit cards and online payment systems. It plays a pivotal role in modern economies by facilitating transactions and providing opportunities for entrepreneurship.
Equestions.com Team – Verified by subject-matter experts