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Problem:

E-commerce refers to the use of any networking technologies to transact business?

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Solution:

False.

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Ecommerce, also known as electronic commerce or internet commerce, refers to the buying and selling of goods or services using the internet, and the transfer of money and data to execute these transactions.E-commerce refers to commercial transactions conducted online. Global retail eCommerce sales are projected to reach $27 trillion by 2020. E-commerce (electronic commerce) is the activity of electronically buying or selling of products on online services or over the Internet.
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