What is one of the main characteristics of E-Commerce?

One of the main characteristics of E-Commerce is that it facilitates transactions from geographically dispersed locations. This feature is fundamental to the concept of E-Commerce because it allows businesses and customers to connect and engage in buying and selling activities without being limited by physical proximity. Buyers can shop from the comfort of their homes regardless of their location, while sellers can reach a global audience, expanding their market potential significantly.

The digital nature of E-Commerce breaks down traditional barriers, making it possible for transactions to occur in real-time across vast distances. This contributes to the growth and accessibility of online markets and services, enhancing consumer choice and creating opportunities for businesses to serve a broader clientele.

The other responses present limitations or misconceptions about E-Commerce. For instance, requiring prior agreements may apply in specific business scenarios but is not a characteristic inherent to all E-Commerce transactions. Being restricted to digital goods undermines the range of products and services that can be purchased online, which includes physical goods as well. Lastly, operating on a cash-only basis would contradict the multi-faceted payment options available in E-Commerce, including credit cards, digital wallets, and other electronic payment methods.