E Commerce

E commerce is business that takes place electronically, generally over the Internet.

It refers to the use of the Internet and the Web to transact business between and among organizations and individuals .

Commonly known as Electronic Marketing.

“It consist of buying and selling goods and services over an electronic systems Such as the internet and other computer networks.”

1.Business-to-business(B2B) 2.Business-to-consumer (B2C)3.Business-to-Employee (B2E)4.Consumer-to-consumer (C2C)

Types of Electronic Commerce

B2B stands for Business to Business. It consists of largest form of Ecommerce. This model defines that Buyer and seller are two different entities. It is similar to manufacturer issuing goods to the retailer or wholesaler.

Business-to-business (B2B)

It is the model taking businesses and consumers interaction. The basic concept of this model is to sell the product online to the consumers.B2c is the direct trade between the company and consumers. It provides direct selling through online.

Business-to-consumer(B2C)

Business-to-employee (B2E) electronic commerce uses an intrabusiness network which allows companies to provide products and/or services to their employees. Typically, companies use B2E networks to automate employee-related corporate processes.

Business-to-Employee(B2E)

Consumer-to-consumer(C2C)There are many sites offering free classifieds, auctions, and forums where individuals can buy and sell thanks to online payment systems like PayPal where people can send and receive money online with ease.eBay's auction service is a great example of where person-to-person transactions take place everyday since 1995.

Advantages and Disadvantages of e-commerce

Advantages

Disadvantages

Faster buying/selling procedure, as well as easy to find products.

Buying/selling 24/7. More reach to customers, there is no theoretical geographic limitations.

Low operational costs and better quality of services.

Customers can easily select products from different providers without moving around physically.

Advantages

Any one, good or bad, can easily

start a business. And there are many

bad sites which eat up customers’

money. There is no guarantee of product

quality. Mechanical failures can cause

unpredictable effects on the total

processes.

Disadvantages

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• The Many Flavors of E-Commerce. (2011). Retrieved October 29, 2011, from as a research: http://www.asaresearch.com/ecommerce/ecommerce_types.html

• Types of E-Commerce. (2011). Retrieved October 13, 2011, from Ezine Articles: http://ezinearticles.com/?Types-of-E-Commerce&id=2002490

• Unique Feature of E-Commerce Technology. (2011). Retrieved October 13, 2011, from Oo Cities: http://www.oocities.org/zaruliskandar/ecom8.htm

• What is E-commerce website. (2011, July 26). Retrieved November 10, 2011, from YouTube: http://www.youtube.com/watch?v=1LD70pUE7O4

• Harvey, M. J. (2002). E-commerce. Retrieved October 29, 2011, from Encyclopedia: http://www.encyclopedia.com/topic/e-commerce.aspx

• Slideshare: http://www.slideshare.net/munishsingla71/e-commerce-ppt-10713485

References