Electronic commerce or e-commerce is a term for any type of business or commercial transaction, that involves the transfer of information or services across the Internet. It covers a range of different types of businesses.
From consumer based retail sites through to auction or music sites, to business exchanges trading goods and even services between corporations. It is definitely one of the most important aspects of the Internet to emerge.
E-commerce has allowed consumers to electronically exchange goods and services without the traditional hassles of going in person, paying for and then carrying the goods to transport them.
Electronic commerce has expanded rapidly over the past few years and is predicted to continue at a high rate. In the near future the battles between “conventional” and “electronic” commerce will continue to heat up as e-commerce is gaining a lot of popularity as more and more are choosing the Internet.
Business to Business or B2B refers to electronic commerce between businesses instead of between a business and a consumer. B2B businesses often deal huge amounts of other businesses, either as customers or suppliers. Doing these transactions electronically provide vast competitive advantages over traditional methods. When implemented properly, e-commerce is often faster, cheaper and way more convenient than the traditional methods of bartering goods and services.