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E-commerce or e-commerce is transactions or other terms of sale that are done electronically. This includes the purchase, sale and exchange of goods or services for the purpose of exchanging money through computer networks such as the Internet. Contrary to popular belief, e-commerce does not exist only on the web. In fact, e-commerce already exists and has been going well with business transactions since the 70’s via EDI (Electronic Data Interchange) through VAN (Value Added Network). E-commerce can be further broken down into four main categories B2B, B2C, C2B and C2C.

• B2B (job to business)

B2B definitely deals with firms that do business with one another. Manufacturers who sell their product to distributors and wholesalers sell it to retailers are an example. Therefore, prices can be based on the number of orders and are often accepted.

B2C (Business-to-Consumer)

Business for the consumer usually involves selling products and services to the general public or consumers using catalogs that use shopping software. B2B can easily make a lot of money; on the other hand, B2C is what really needs to be kept in mind for the average customer when it comes to ecommerce as a whole. With ecommerce, you can easily buy many things at once without human interaction. An example of this is if you find it hard to find a book, when you need to buy a custom, state-of-the-art computer system or find a first-class, comprehensive trip to a tropical paradise island. So ecommerce can help you buy all products at once.

• C2B (Consumer-to-Business)

An example of C2B is when a consumer posts their projects or tasks on the Internet and a website. The consumer sets a budget online where, within a few hours, many companies review the demands the consumer is seeking and then bid on the project. It empowers customers around the world by providing a ground meeting and a platform for that particular transaction.

• C2C (consumer-to-consumer)

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Source by Tina L Douglas

 

 

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