Electronic Commerce (e-commerce) is the activity of electronically buying and selling of goods or services using the over open networks, such as the Internet, and the transfer of money and data to execute these transactions.
Reference Definition by Investopedia.com: Electronic Commerce (ecommerce) is 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. Electronic commerce operates in all four of the major market segments: business to business, business to consumer, consumer to consumer and consumer to business. It can be thought of as a more advanced form of mail-order purchasing through a catalogue. Almost any product or service can be offered via ecommerce, from books and music to financial services and plane tickets.
Related Definitions in the Project: The Commercial Definitions
