1. What is E-Commerce?
There exists no exact definition of e-commerce. Generally it is described as any kind of business transaction where information is exchanged electronically.
To some people it means shopping at a website and buying products online, to other people it means just designing a web page in a way to increase the customers' interest. It does not necessarily describe a process of ordering and paying online.
Electronic trading, in which a supplier provides goods or services to a customer in return for payment is just one special case of electronic commerce.
Other equally va…