what is a ecommerce business

E-commerce, short for electronic commerce, is the process of buying and selling goods and services online. It involves the exchange of data or currency to process a transaction, and it can be conducted over computers, tablets, smartphones, and other smart devices. E-commerce transactions can occur between businesses and consumers (B2C), between businesses (B2B), between consumers (C2C), or between consumers and businesses (C2B) . An e-commerce business is a company that generates revenue from selling products or services online. E-commerce businesses can range from small, home-based operations to large, multi-million dollar enterprises. There are several different e-commerce business models, including online marketplaces, online retailing, electronic markets, and online auctions. E-commerce has become an important tool for small and large businesses worldwide, not only to sell to customers but also to engage with them.