Just like the real world commerce, e-commerce consists of retail shopping, banking, auctions, real estate transactions, airline and hotel booking, movie rentals etc and in a nutshell, nearly everything and anything ! All this with just a click of your mouse and sitting in the comfort of your home!
E-commerce has many other advantages too. Like for instance,the yearly fee for an e-commerce website is insignificant compared to the exorbitant property rental for a store in a mall. Moreover, the transactions are handled by software process, and does not require sales and other managing staff – at least not till the item is ready to be packed and shipped. As a consequence, real world businesses just cannot compete with their e-commerce counterparts!
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