Electronic commerce and the creation of the virtual marketplace are application examples of? information technology. safety technology. product technology. environmental technology. process technology.

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Electronic commerce and the creation of the virtual marketplace are application examples of information technology.

What is Electronic commerce?

E-commerce, often known as electronic commerce, is the exchange of goods and services as well as the sending of money and data through an electronic network, most commonly the internet. These business dealings can be either B2B (business-to-business), B2C (business-to-consumer), C2C (consumer-to-consumer), or C2B.

An online marketplace is a digital store where people or companies may purchase or sell goods and services (both new and secondhand). Online marketplaces are managed by outside vendors or service providers that frequently accept a cut of the sales proceeds in exchange for including the products on their websites and facilitating transactions.

With an optimized and well-developed website, you can not only achieve these goals but also provide your customers with a round-the-clock, convenient service. Ecommerce offers businesses a wide range of opportunities, from marketing opportunities to increasing your product ranges to generating more sales.

Hence, Electronic commerce and the creation of the virtual marketplace are application examples of information technology.

To learn more about Electronic commerce refer to:

https://brainly.com/question/27680929

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