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What is E-Commerce?E-commerce, short for electronic commerce, refers to the buying and selling of products or services over the internet. It has revolutionized the way businesses operate, providing convenience and accessibility to customers worldwide. In this article, we will delve into the inner workings of an e-commerce business and explore the key elements that drive its success.The E-Commerce Business ModelAt the core of every e-commerce business lies a business model that determines how the company generates revenue. There are several popular e-commerce business models, including:Retail E-CommerceIn a retail e-commerce model, businesses sell products directly to consumers through an online store.…