Electronic commerce or e-commerce is the process of buying and selling between businesses and consumers without a physical store, usually through an electronic medium. Often, this term refers to the internet as a marketplace but the term can also refer to retail activity through any electronic method. The technologies that support e-commerce include e-commerce or mobile commerce, electronic transfer of funds, internet marketing, electronic data interchange, inventory management systems, and online transaction processing among others.
In this article, we will look at e-commerce basics such as, 1) what is e-commerce?, 2) making the e-commerce decision, 3) designing an e-store, 4) other e-store considerations, and the 5) pros and cons of e-commerce.
WHAT IS E-COMMERCE?
E-commercecan be successfully leveraged by businesses to create the sales aspect of their enterprise. It can be an effective market entry strategy for companies that do not have an established physical retail …