What Is E-Commerce and Why Is It Important

question 45

Essay

What is E-Commerce and why is it important?

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Definitions:

Potential Shoppers

Individuals who have shown interest or the possibility to purchase goods or services.

Sample Statistic

A sample statistic is a numerical measure that describes some characteristic of a sample, a subset of a larger population, such as the sample mean or standard deviation.

Population Parameter

A characteristic or measure that describes an aspect of an entire population, such as the mean or variance.

Subscription Renewal

Subscription renewal is the process by which subscribers extend their access to a service or publication for an additional period, typically upon the expiry of the current subscription term.