If a company's work is hired to another company, it would be termed as out-sourcing.

E-Commerce can be described as the process of buying or selling products, services (or) information via computer networks.

(i) Physical product disputes are a major disadvantage in E-Commerce, E-Commerce purchases are often made on trust.
(ii) This is because, we do not have physical access to the product.
(iii) Though Internet is an effective channel for visual and auditory information it does not allow full scope for our senses.
(iv) We can see pictures of the perfumes, but cannot smell their fragrance; we can see pictures of a cloth, but not its quality.
(v) If we want to inspect something, we choose what we look at and how we look at it.
(vi) But in online shopping, we would see only the pictures the seller had chosen for us.
(vii) People are often much more comfortable in buying the generic goods (that they have seen or experienced before and in which there is little ambiguity) rather than unique or complex things via the Internet.

(i) In B2B E-Commerce, commercial transactions take place between different business organizations, through the Internet.
(ii) For example, a cycle company may buy tyres from another company for their cycles.
(iii) When compared to other models, the value per transaction in B2B transaction is high, because of bulk purchases.
(iv) The company also might get the advantage of discounts on bulk purchases.
(v) Out-sourcing and Off-shoring are generally associated with B2B E-Commerce.
(vi) If a company's work is hired to another company, it WOuld be termed as out-sourcing.
(vii) If the work is outsourced to a company, which is outside its own country, it is called off-shoring

(i) The growth of E-Commerce is also related to the socio-technological changes.
(ii) The more, the medium becomes deep rooted, the more, are the users drawn towards it. Increase of users, increases the markets.
(iii) As the markets expand, more business organizations are attracted. The more business accumulation creates competition.
(iv) The competition leads to innovation; Innovation in turn drives the development of technology; technology facilitates E-Commerce's growth.

(i) The figure which shows the evolution of E-Commerce. Dotcom companies of first wave are mostly American companies.
(ii) The First Wave of Electronic Commerce 1995-2003: The Dotcom bubble had attracted huge investments to first wave companies.
(iii) Initially when web was 1.0 and network technology was in its starting stage, the band-width and network security was very low.
(iv) Only EDI and unstructured E-mail remained as a mode of information exchange between business.
(v) The Second Wave of Electronic Commerce 2004-2009: The second wave is the rebirth of E-Commerce after the dotcom burst.
(vi) The rapid development of network technologies and web 2.0 (interactive) offered the consumers more choices of buying. The increased web users nourished E-Commerce business (mostly B2C) during the second wave.
(vii) The second wave is the business wave globally considered wave in many countries with many languages. Language translation and currency conversion were focused here.
(viii) The Third Wave of Electronic Commerce 2010 - Present: This wave is brought on by the mobile technologies. It connects users via mobile devices for real-time and on-demand transactions.
(ix) Not only the information is filtered by time, but also the geographic coordinates are used to screen the specific location-tailored information properly.
(x) The term Web 3.0 summarize the various characteristics of the future Internet which include Artificial Intelligence, Semantic Web, Generic Database etc, ...