What is Commerce

What is Commerce

Commerce is an important part of a business. It is an interchange of goods or commodities. In simple words, commerce is nothing but buying and selling of goods. That means when we buy a product or service from others or sell a product or service to others then it is called commerce. So the commerce means the trading of goods or services.

If we say a proper definition of commerce, then it can be defined as the field of study that deals with business and its operations.

Introduction to E-Commerce

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. 

A system for the buying and selling of goods and services using the Internet as the main means of exchange.

In other words, it is a business that electronically manages both the collections and payments.

E-commerce facilitates the growth of online business. It is categorized as follows

• Online Marketing
• Online Advertising
• Online Sales
• Product Delivery
• Product Service
• Online Billing
• Online Payments

e-commerce is an abbreviation used for electronic commerce. 

IT is the process through which the buying, selling, dealing, ordering and paying for the goods and services are done over the internet is known as e-commerce.

In this type of online commercial transaction, the seller can communicate with the buyer without having a face to face interaction.

Some examples of real world application of e-commerce are online banking, online shopping, online ticket booking, social networking, etc.

The basic requirement of e-commerce is a website.

The marketing, advertising, selling and conducting transaction are done with the help of internet. 

Any monetary(FINANCIAL) transaction, which is done with the help of electronic media is e-commerce.