In a global context, what does e-commerce entail?

E-commerce in a global context primarily refers to the buying and selling of goods and services over the internet that occurs across international borders. This definition encompasses a wide range of activities, including retail sales, service delivery, and online auctions, that leverage the global reach of the internet to connect buyers and sellers from different countries.

This global aspect of e-commerce allows businesses to expand their market reach beyond local audiences, accessing new customers and opportunities worldwide. It facilitates the exchange of goods, services, and information without the constraints typically associated with traditional commerce, such as geographical limitations. The ability to conduct transactions and access a diverse array of products and services from different regions is a core feature of e-commerce.

The other options do not capture the full scope of what e-commerce entails on a global scale. The focus solely on physical goods or domestic markets fails to acknowledge the expansive nature of e-commerce, which includes intangible services, digital products, and international interactions.