(L-1) Introduction to E-commerce and Amazon @watchmegoviral0

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Introduction to E-commerce and Amazon

E-commerce, short for electronic commerce, refers to the buying and selling of goods and services over the internet. It has transformed the way businesses operate, allowing them to reach a global audience and conduct transactions 24/7. E-commerce encompasses a variety of models, including B2C (business-to-consumer), B2B (business-to-business), and C2C (consumer-to-consumer). It includes processes like online retail, electronic payments, mobile commerce, and digital marketing.

Amazon, one of the pioneers and largest e-commerce platforms globally, has played a key role in the evolution of online shopping. Founded by Jeff Bezos in 1994 as an online bookstore, Amazon quickly expanded into various categories, selling electronics, clothing, and groceries. Over the years, Amazon has introduced innovative features like Prime membership for fast shipping, Kindle for e-books, and AWS (Amazon Web Services) for cloud computing. It has become a multi-faceted company, not only dominating e-commerce but also setting trends in technology, logistics, and customer experience.

This introduction serves as a foundation for understanding how e-commerce operates and Amazon's influential role in shaping the modern online marketplace.