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what is e-commerce (electronic commerce or EC)

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e-commerce (electronic commerce or EC) Posted by:  Margaret Rouse WhatIs.com       Contributor(s):  Ben Cole E-commerce (electronic commerce or EC) is the buying and selling of goods and services, or the transmitting of funds or data, over an electronic network, primarily the internet. These business transactions occur either as business-to-business, business-to-consumer, consumer-to-consumer or consumer-to-business. The terms e-commerce and e-business are often used interchangeably. The term e-tail is also sometimes used in reference to  transactional processes  for online shopping. Download this free guide Download 9 FREE Strategic Planning Templates that your Peers Already Use Having a clear-cut IT strategy is key establishing a competitive advantage over any competition. It can be the difference maker between a business’ success and its failure. Reach your business goals and stay organized by downloading this FREE e-guide which in