E-commerce (electronic commerce or EC) is the buying and selling of goods and services, or the transmitting of funds or data, over an electronic network, primarily the internet. The terms e-commerce and e-business are often used interchangeably. The term e-tail is also sometimes used. Or what we know and familiar with as online shopping.
The beginnings of e-commerce started in the 1960s, when businesses started using Electronic Data Interchange to share business documents with other companies. In 1979, the American National Standards Institute developed a standard called ASC X12 as a universal standard for businesses to share documents through electronic networks or internet.
After the number of individual users sharing electronic documents
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When developing IT systems and applications to do e-commerce activities, data regulations must be set too, such as personal information and agreeing to privacy rules and information protection.
There are some special agencies who control and monitor e-commerce activities. So they monitors some activities such as online advertising, the content of it and published articles, the access to some websites and a lot more, to ensure the security and privacy
Types of sales scenario using e-commerce
There are multiple types of sales scenario some of it are as follows:-
Business-to-Consumer (B2C)
In a Business-to-Consumer E-commerce, companies sell their online goods to consumers who are the end users of their products or services.
Business-to-Business (B2B)
In a Business-to-Business E-commerce, companies sell their online goods to other companies without being engaged in sales to consumers.
Consumer-to-Business (C2B)
In a Consumer-to-Business E-commerce, consumers usually post their products or services online on which companies can post their