Written by the Fiveable Content Team • Last updated August 2025
Verified for the 2026 exam
Verified for the 2026 exam•Written by the Fiveable Content Team • Last updated August 2025
Definition
E-commerce stands for electronic commerce and refers to buying and selling goods or services over the internet using electronic means such as websites or mobile apps.
Online Payment Systems: Online payment systems enable secure transactions by allowing customers to pay electronically for their purchases using methods such as credit cards or digital wallets.
Digital Marketing: Digital marketing involves promoting products or services through online channels such as social media platforms, search engines, email campaigns, and targeted advertisements.
Supply Chain Management: In e-commerce, supply chain management refers to the coordination of activities involved in sourcing materials/products from suppliers all the way through production, distribution, and delivery to the end customer.