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In today’s rapidly changing world, technology plays a major role. Newer technologies are evolving
every day across the globe. Gone are the days when we had to go to different places to do things
like shopping, booking tickets, etc. Nowadays, you can do all of these right from your house or
anywhere for that matter. All of this has been made possible by the use of latest technology and
gadgets. To keep ourselves updated, it is important for us to learn about the latest IT trends.
E-COMMERCE
Historically, commerce referred to buying
and selling goods. With the rise of technology,
commerce has taken on a new form. These
days people are buying and selling goods
online. E-commerce refers to the buying,
selling and exchanging of goods, services or
information over the Internet. To facilitate
this process, thousands of websites are
available as platforms, for different types of
people like consumers, producers, sellers, etc. These platforms help different people connect and
trade goods and services.
TYPES OF E-COMMERCE
Buying and selling of goods involves different types of people with different needs. This creates
different categories of e-commerce. Let us take a look at these different categories.
Business-to-Business (B2B)
If a company buys or sells products or services to other companies online through a sales portal,
it is known as the business-to-business model of e-commerce.
Example: https://www.indiamart.com/, https://www.tradeindia.com/ etc.
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