00:01
In this question we are asked to define and describe these three following e -commerce, e -banking and e -medicine.
00:09
So let's first start with what e -commerce is.
00:13
So e -commerce is short for electronic commerce.
00:19
What does that mean? it refers to buying and selling of goods and services over the internet.
00:27
It involves online transactions between businesses, individuals and or entities where products and services are showcased.
00:45
E -commerce includes various models such as business to consumer also called b2c, business to business also called b2b and consumer to consumer also called c2c and more enabling a wide range of commercial activities to be conducted online.
01:05
Examples amazon.
01:08
Now the second one is e -banking.
01:13
Again e here refers to electronic banking.
01:17
Now it refers to the use of electronic platforms such as websites, mobile apps or other digital means to access and manage financial services provided by the banks...