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It is Buying and Selling using an electronic medium.
It is accepting credit and payments over the net.
Doing banking transactions using the Internet.
Selling commodities or information using the World Wide Web.
Social networking is also a platform of E-commerce.
5things About e-commerce
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5things About e-Business
Making the business digital.
It’s re-defining old business models.
Integrating many aspects of a company (sales, marketing, finance).
Not only limited to monetary transactions.
Uses Internet, Intranet and Extranet.