Final answer:
E-commerce refers to the marketing and sales process via the Internet, allowing consumers to order products and services online from anywhere in the world.
Step-by-step explanation:
The term e-commerce refers directly to the marketing and sales process via the Internet. With the vast improvement in communication technologies, including the development of the Internet, consumers can order products and services online from anywhere in the world. This has increased the degree of competition faced by local retail businesses and has allowed buyers and suppliers from anywhere in the world to connect through business-to-business websites.