Ecommerce or digital commerce is transactions or different phrases of sale which might be carried out electronically. This includes purchasing, selling, and alternate of products or providers for the alternate of cash using pc networks such as the Internet. Opposing to the favored perception, ecommerce doesn’t only exist on the web. In truth, ecommerce already existed and do well in business-to-enterprise transaction since the 70s through EDI (Digital Data Interchange) via VANs (Worth-Added Networks). Ecommerce could be further broken into 4 most important classes B2B, B2C, C2B, and C2C.
• B2B (Business-to-Business)
B2B definitely deals with companies who are doing business with each other. An instance of this is manufacturers who are selling their product to distributors, and the wholesalers are selling it to retailers. Thus, the pricing may be based on the number of orders and is often up for grabs.
• B2C (Enterprise-to-Consumer)
Enterprise-to-consumer typically involves selling products and companies to most of the people or consumers through the use of catalogs using shopping cart software. B2B can easily earn a lot of money; then again, B2C is what really in mind in an average customer when it involves the ecommerce as whole. With the help of ecommerce, you’ll be able to simply purchase many things at time without having human interaction. An instance of those in case you are having hard time discovering a book, when it’s worthwhile to purchase a personalized, high-finish pc system, or discovering a first class, all-inclusive trip to a tropical paradise island. Thus, ecommerce may help you buy the products all on the same time.
• C2B (Consumer-to-Business)
An instance of C2B is when a consumer posts his projects or assignments in the Internet and web site. The consumer sets a price range on-line where within hours many corporations opinions the requirements wanted by the consumer after which bid on the project. It empowers the purchasers across the globe by providing the assembly ground and platform for that certain transaction.
• C2C (Consumer-to-Consumer)
A very good instance for C2C is the eBay. It is the place consumers sell their products to other consumers by means of bidding. Thus, the one who bids the highest can buy the product. Another instance is the sites offering free classified ads, auctions, and boards the place consumers should buy and sell products to other consumers. They use PayPal as a tool for online payment system the place they will send and obtain money with ease by way of online.
There is one other form of ecommerce which is the B2E or Business-to-Worker ecommerce. Right here, companies are using inside networks to offer their workers products and companies online. It is probably not essentially on-line on the Web.
The opposite forms of ecommerce are the G2G (Authorities-to-Government), G2E (Government-to-Worker), G2B (Government-to-Business), B2G (Enterprise-to Authorities), G2C (Authorities-to-Citizen), C2G (Citizen-to-Government). These transactions involves primarily with the federal government, from procurement to filing taxes to enterprise registration to renewing license. There are still loads of different categories that exist but then they tend to be superfluous.
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