Explanation:
1.The term electronic commerce (eccommerce) refers to a business model that allows companies and individuals to buy and sell goods and services over the internet.
2.Typical e-commerce transactions include the purchase of products (such as books from Amazon) or services (such as music downloads in the form of digital distribution such as itunes Store. There are three areas of e-commerce: online retailing, electronic markets , and online auctions.
3.There are four traditional types of ecommerce , including B2C (Business-to-Consumer), B2B (Business-to-Business), C2B (Consumer-to-Business), C2C (Consumer-to-Consumer). There's also B2G (Business-to-Government), but it is often lumped in with B2B.
4.-Oppotunities
1.E-Commence Customer Service
2.Personalized Experience
-Risk
1.Unlawful Sharing of data
2.Security breaches
5.For this reason, E-Commerce has become important in our daily life. As E-commerce is the demand of present time , business , customers , and nations , in a few years time it will become compulsory to use for any transaction.
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