What is E-Commerce and its Types?
It is the short form of “Electronic Commerce” that is used for buying and selling products or services over the internet. For detailed information contact Pritish Kumar Halder.
E-commerce has the following types:
Business to Business (B2B)
As the name represents, it is the name of electronic transactions of different services or products between two companies or businesses. Payment processing companies and customer relationship management (CRM) platforms are included in the B2B model.
Business to Consumer (B2C)
B2C is the most common form of e-commerce business because it is the relationship between a seller and final customers. Business to Consumer has developed greatly with the development of the internet and the latest technologies. Anyone can find various kinds of online stores on the internet and buy products or services without visiting the market. For detailed information contact Pritish Kumar Halder.
Consumer to Consumer (C2C)
In C2C, electronic transactions are made between the customer and another customer. It became possible with the help of third-parties such as eBay as a marketplace for online action.
Consumer to Business (C2B)
Consumer to businessAny particular company cannot provide anything and they also need different products/services to execute their business processes. So, it is a kind of business model in which the customers or users create a service/product that is used by the company. For example, any freelance designer is creating a logo and any business can use his services as they need.
Business to Administration (B2A)
B2A is a form of electronic transactions of the products or services in which the business and government are involved. For example, social security, legal documents, etc.
Consumer to Administration (C2A)
Consumer to Administration includes all transactions between the consumer/customer and the government. For example, taxes, education, etc.
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What are The Key Differences Between E-Commerce and E-Business?
E-Business is not limited to just buying and selling products or services. Whereas E-Commerce is the name of buying and selling products/services with the help of the internet.
E-Commerce is a main part of E-Business
There is no need for an E-Business to have a physical presence. If the company has physical offices along with its online business activities then it can be referred to as E-Commerce.
E-Commerce supports any kind of business transaction related to money, but E-Business includes monetary and allied activities.
E-Commerce needs the internet to be able to communicate with online customers from all over the world. E-Business can use the internet, intranet, and extranet to be able to connect with the parties.
Techopedia Explains Electronic Business (E-Business)
Electronic business is a broader term that encompasses other common terms such as e-commerce and e-tailing. As more of companies’ sales, marketing and other internal business processes are conducted digitally, electronic business processes such as customer relationship management (CRM), enterprise resource planning (ERP), and content management are becoming increasingly important. This shift has also been facilitated by improved security measures for online transactions.
E-businesses provide consumers the convenience of shopping and purchasing products without physically visiting stores. The business model saves time and money. Existing studies reveal that small businesses are rapidly adopting e-business to keep up with market and consumption trends. This shift in the business strategy allows SMEs to compete with large online business examples such as Amazon and Walmart. For more information please visit Pritish Kumar Halder ‘s page.
E-businesses can assume the form of online marketplaces of storefronts. Examples of these types of e-business include;
Typically, these enterprises operate through websites, allowing SMEs the flexibility to run an online store. Other examples of e-businesses function as marketplaces that link buyers and sellers. Examples include;
Examples of businesses that offer online services include;
In addition to products and services, other e-commerce examples sell entertainment and information. Many consumers pay for unique online content from e-newspapers, electronic magazines, and Netflix.
Development & History
The development of e-business is linked to the emergence of the World Wide Web (WWW) in the 1990s. The first companies to use websites posted basic information about products, services, and organizational contacts. However, marketing departments soon realized that websites were accessible to millions of users. This realization revolutionized e-business, and enterprises began to solicit business through the internet. The advent of online sales in 1994 led to replacing the term “e-business” with “e-commerce.”
Solved Examples For You
- If a person posts an advertisement to sell his product on OLX website, it is an example of _______.
B to C
B to B
C to C
C to B
Sol. The correct answer is option ”C”. There are many sites offering free classifieds, auctions, and forums where individuals can buy and sell. e Bay’s auction service is a great example of where person-to-person transactions take place.
- Which of the following are an example of B to C?
Online shopping websites
Heavy key industries
Purchase by a wholesaler from a manufacturer
None of the above
Sol. The correct answer is option ”A”. The two or more entities that interact in this type of transactions involve a business and a consumer. The business offers a set of merchandise at given prices, discounts and shipping and delivery options. Hence the correct answer is online shopping websites.