Internet and Ecommerce
Internet is an interconnection of millions of computers over the World Wide Web. Some of the uses of internet are entertainment, sending emails, information search, surfing, education, online libraries, etc. A web browser is the software used to download and display web pages on a computer.
E-commerce means buying or selling the goods and services on internet. E-commerce involves buyers, sellers and producers. Buyers are the people who purchase goods or services. Sellers are the people who offer goods and services to the buyers. Producers are people who create products and services that sellers offer to the buyers. E-commerce can be categorised into three types: Business-to-Business (B2B), Business-to-Consumer (B2C) and Consumer-to-Consumer (C2C). In B2B, both the parties involved are business firms. In B2C, the parties involved are business firms and customers. In C2C, both the parties involved are customers. Internet-based business is a kind of mail-order business, where the buyer has to enter the details to buy a product.