Q1E-Commerce and ERP
Question
2 marks
Define E-Commerce.
Answer
E-Commerce is the rigid architectural framework enabling the buying, selling, and massive exchange of goods, services, and strict financial data exclusively over electronic networks like the Internet.
Electronic Commerce (E-Commerce) is the total digital transformation of traditional business mechanics. It mathematically replaces physical storefronts and paper ledgers with massive, highly secure web architectures, enabling global B2B, B2C, and C2C financial transactions 24/7 without geographical limitation.