What is E-commerce business?
What is E-commerce business? Answer. What is E-commerce business? Answer. Ecommerce business is a business model where the buying and selling of goods or services is done over the internet. It involves digitally transferring money and data to execute online transactions. According to Forbes Advisor, the global e-commerce market is expected to total $6.3 trillion in 2023[1]. Ecommerce business enables online retailers to reach consumers across the globe through an ecommerce store and improve sales numbers while attracting customers[2]. It is important for ecommerce retailers to have a value proposition that makes them stand out from the competition[3]. Amazon customers buy roughly 7,400 products per minute from U.S