Essay On E-Commerce

708 Words3 Pages

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 …show more content…

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

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