Electronic Commerce electronic commerce or ecommerce is a term used for any type of business or commercial transaction involving transfer of information via the Internet. It covers a wide range of different types of businesses, from consumption based on sales sites such as an online store, until business from exchanges of goods and services between companies. It is currently one of the most important applications of the Internet globally. In this way the ecommerce allows consumers to purchase products and services without having barriers of time and distance. People such as Daryl Katz, Edmonton Alberta would likely agree. For example, a potential customer who lives in Costa Rica can be purchased through a store owned by a company located in United States, products like software that can be downloaded online and even more tangible products such as clothing, electronic and similar equipment. Should simply entering the store, use the shopping cart to select the items that you want to purchase, make payment by card of credit or some method of payment such as Paypal and in a few minutes your order is processed all from the comfort of your home. This ease and speed have made e-commerce to expand their quickly, trend that will probably continue and will increase in the coming years.
It is expected that in near future, the boundaries between electronic commerce and traditional, become increasingly blurred since increasingly more businesses move whole sections of their operations to the Internet. This is how common terms become increasingly like B2B, which refers to e-commerce between businesses in place between a company and a consumer. B2B businesses generally have to deal with hundreds and even thousands of other businesses, including suppliers and customers. To carry out all these transactions electronically it boasts a significant competitive advantage over traditional methods of doing business. When properly implemented, e-commerce turns out to be cheaper, faster and more convenient than the media generally normal to exchange goods and services.