 Electronic commerce that takes place between businesses is referred to as business-to-business or B2B. B2B can be open to all interested parties (e.g. commodity exchange) or limited to specific, pre-qualified participants (private electronic market). Electronic commerce that takes place between businesses and consumers, on the other hand, is referred to as business-to-consumer or B2C. This is the type of electronic commerce conducted by companies such as Amazon.com. Online shopping is a form of electronic commerce where the buyer is directly online to the seller's computer usually via the internet. There is often no intermediary service involved, and the sale or purchase transaction is completed electronically and interactively in real-time. However in some cases, an intermediary may be present in a sale or purchase transaction, or handling recurring or one-time purchase transactions for online games.
Electronic commerce is generally considered to be the sales aspect of e-business. It also consists of the exchange of data to facilitate the financing and payment aspects of business transactions.
Electronic commerce, today, commonly known as e-commerce, ecommerce or e- commerce, refers to the buying and selling of products or services over electronic systems such as the Internet and other computer networks.
E-Commerce is a very powerful force and in some countries even more powerful than in the United States. For example, the United Kingdom has the biggest e-commerce market in the world when measured by the amount spent per capita. Business models across the world also continue to change drastically with the advent of e-Commerce and this change is not just related to the USA.
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