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oboloo Glossary

Ecommerce

oboloo Glossary

Ecommerce

Ecommerce is the buying, selling, transferring or exchanging of goods and services over a digital network. It’s an innovative business model that has changed the way we do business, enabling entrepreneurs to easily reach global markets and consumers to shop from the comfort of their homes. Ecommerce transactions are conducted on websites and mobile applications, allowing customers to search for products and services, compare prices, view product reviews, add items to virtual shopping carts, complete secure online payments, and receive orders in record time. In the digital age, ecommerce has revolutionized retailing, making it easier than ever for businesses to deliver customer value around the globe.

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