E-Commerce – It is the selling and buying of goods and services, or sending data or money on the Internet, and is also called as electronic commerce. These types of business transactions occur either business-to-consumer (B2B), consumer-to-business, business-to-business (B2B), or consumer-to-consumer. A large number of people buy goods and services online across the world. Several organizations sell products online whereas other companies use e-commerce as a strategy which contains physical stores and several other distribution channels. E-commerce enables small and large companies, and startups for selling products at scale and reach consumers worldwide.

Benefits of e-commerce – There are several benefits of e-commerce are discussed below –

1. It helps companies to lower the price for creating the procedure, retrieving, managing, and distributing the paper-based information via digitizing the information.
2. It lowers the paperwork.
3. It helps in improving the brand image of the organization.
4. It helps companies for providing better customer service.
5. It provides 24-hour services to customers so that they can investigate about services or products and give orders anytime from any place.
6. Customers may put reviews or comments or ask any question about the products and services of any company.
7. Companies use e-commerce to promote their products and services to customers that helps in increasing selling products and earning more money.
8. E-commerce helps in lowering the price of products thus less wealthy individuals may also afford the products.
9. It also helps the government to provide services to the public including social education, healthcare, and social services at an affordable cost.
10. E-commerce also helps companies to simplify the business procedures that make them efficient and faster.