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ELECTRONIC COMMERCE (E-COMMERCE) Complete Study Guide – All 12 Units Bachelor of Information Technology (BIT) Texas College of Management and IT, Kathmandu UNIT 1: Fundamentals of Electronic Commerce 1.1 Definition of E-Commerce E-Commerce (Electronic Commerce) is the process of buying, selling, and transferring goods, services, and information over electronic networks, primarily the internet. Simple words: Buying and selling things using the internet, instead of going to a physical shop.