E-Commerce

1. 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.

2. These business transactions occur either business-to-business, business-to-consumer, consumer-to-consumer or consumer-to-business.

3.  A type of business model, or segment of a larger business model, that enables a firm or individual to conduct business over an electronic network, typically the internet.