E-commerce is defined as the process of buying, selling, transferring, or exchanging products, services, and information via electronic networks and computers. The two major categories of e-commerce are business-to-consumer (B2C) and business-to-business (B2B). E-commerce provides benefits to both organizations and consumers, such as global reach, cost reduction, extended hours, and more products/services at cheaper prices. Common business applications of e-commerce include email, online shopping/banking, and teleconferencing.