E-commerce, short for electronic commerce, refers to the buying and selling of goods and services over the internet. It has revolutionized the way businesses operate and how consumers shop. E-commerce channels are the various platforms and avenues through which these online transactions take place. These channels have opened up new opportunities for businesses to reach customers and for consumers to access a wide range of products and services conveniently. Here, I'll delve into the significance and types of e-commerce channels.
Significance of E-commerce Channels:
Global Reach: E-commerce channels transcend geographical boundaries, allowing businesses to reach customers worldwide. This global reach has made it possible for small and large enterprises alike to expand their market presence beyond their local areas.