The document discusses various aspects of e-commerce including its definition, features, categories and models. E-commerce is defined as the process of buying or selling goods or services using electronic medium like the internet. Some key features include non-cash payments, 24/7 availability, improved advertising and sales. The major e-commerce models are B2B, B2C, C2C, C2B, B2G, G2B, and G2C depending on who the main transacting entities are in the exchange.