E Commerce A Type Of Business - 1328 Words

E-COMMERCE INTRODUCTION: Electronic Commerce, usually addressed as E-commerce can be described as a type of business used for commercial transactions which involves transfer of information across the internet. It helps people in electronically exchanging goods and services with ease as there is no time or distance barrier. Types of E-commerce: (i) Business to Business (B2B): Firms directly deal with each other, (i.e.,) manufactures sell their goods to Distributers. Here, the pricing will vary as it depends on the quantity of the order is it is usually negotiable. (ii) Business to Consumer (B2C): This is the most commonly used type of E-commerce by people. Online shopping websites come under this category where customers go through the products available on the website, make a transaction and get their product shipped. (iii) Business to Government (B2G): This is between the Business and Government. For example, firms could develop applications that can be used exclusively by government agencies. (iv) Consumer to Consumer (C2C): Customers directly deal with fellow customers. Best example would be, people putting up used products online for others to by, it is usually negotiable. (v) Consumer to Business (C2B): This deals with consumers giving ideas and Business being able to implement those ideas. (vi) Mobile commerce (m-commerce): It has been termed as, ‘a retail outlet in the customers pocket’, meaning, a lot of transactions such as shopping coupons, money transfers,Show MoreRelatedE-COMMERCE: ITS DEVELOPMENT AND FUTURE PERSPECTIVES INTRODUCTION E-commerce is a type of business600 Words   |  3 PagesE-COMMERCE: ITS DEVELOPMENT AND FUTURE PERSPECTIVES INTRODUCTION E-commerce is a type of business where individuals, firms and companies engage in business activities over an electronic network mainly internet. It is notable that e-commerce operates in business to consumer, business to business, consumer to business and business to business market segments . The emergence of e-commerce can be attributed to the advent of new technologies, mail order purchasing through a catalog is possible. CurrentlyRead MoreE Commerce And Its Impact On Todays Economy1054 Words   |  5 Pagesâ€Å"In e-Commerce, your prices have to be better because the consumer has to take a leap of faith in your product.† These were the words uttered by actor, producer, and investor, Ashton Kutcher. It is clear that what Ashton is saying is 100% factual, as it is essential to give customers the best shopping experience by providing with a well-rounded and most efficient website. However, in my paper I will be defining e-Commerce, discussing the types of e-commerce, an e volution of e-commerce and the impactRead MoreThe Evolution Of Commerce.1097 Words   |  5 PagesIntroduction The evolution of commerce Like human beings, business is also evolved over the time and is a never ending process. With all the advancements in the current day technologies, commerce is growing day by day. Commerce is all started with House hold economy, where people started hunting, agriculture and domestication of animals like cow, sheep etc. to feed their own families. Over the time, the number of family members increased and their needs. Own economy became insufficient for them toRead MoreForms and Classification of Online Business1729 Words   |  7 PagesForms and classification of online business According to (Adam, Z.R.), the major different types of e-commerce (B2B) Business-to Business, (B2C) Business-to-Consumer, (B2G) Business-to-Government, (C2C) Consumer-to-Consumer and M-commerce which is mobile commerce. Business-to-business is simply e-commerce that is present between two businesses. It is said that it is the fastest growing type of e-commerce, much faster than B2C. It is a type of e-commerce wherein two businesses transact withRead MoreBusiness And Consumer E Commerce873 Words   |  4 PagesWhat is Business to Consumer e-Commerce? Business to Consumer e-Commerce, also referred to as B2C, is the process of selling goods and services over the Internet rather than having a traditional brick and mortar outlet to sell such products. Businesses establish a website or electronic marketplace with multimedia catalogs, interactive order processing, protected electronic payment systems, while also offering online customer support which allow consumers to shop and purchase items in confidenceRead Morecustomer behaviour1489 Words   |  6 PagesAAP E-COM P 1st Introduction to E-Commerce What is Electronic Commerce? Commerce - The exchange of commodities, buying and selling, of products and services requiring transportation, from location to location is known as commerce. E-Commerce - From a communications perspective, e-commerce is the delivery of information, products/services or payments via telephone lines, Fax, computer networks or any other means. What is Electronic Commerce? From an online perspective, e-commerce providesRead MoreHow E Commerce Has Impacted The Behavior Of People1536 Words   |  7 Pagesthe behavior of people in doing business and which had risen e-commerce. According to Laudon and Traver e-commerce is the use of internet, the web and different application to conduct digitally enabled transaction between businesses and individuals. In e-commerce it’s mandatory that these transaction involve an exchange of value across the part in concern in return for a service or a good. E-commerce have significantly transformed commerce, in deed beforehand, commerce involved that sale and purchaseRead MoreResearch Journals on One Way Anova Test785 Words   |  4 PagesE-Commerce Electronic commerce, commonly known as  e-commerce consists of the buying and selling of  products  or  services  over electronic systems such as the Internet and other  computer networks. Electronic commerce is generally considered to be the sales aspect of  e-business. It also consists of the exchange of data to facilitate the financingRead MoreThe Importance of E-Commerce in Our Lives1061 Words   |  4 PagesWith rapid change of technology in social web, e-commerce is become one of important think in our life. E-commerce is the use of internet and the social web to do business, when focus on digitally enabled commercial transactions between among of firm and individuals involving information systems under the control of the firm it takes the form of e-business. Nowadays, e-commerce is gaining momentum and most of the things if not everything is getting digitally enabled. Therefore, it becomes very importantRead MoreE Commerce Vs. Electronic Commerce1527 Words   |  7 PagesThere are plenty of ways to define the definition of E-commerce. For example, according to the Oxford Dictionary, E-commerce or electronic commerce is the commercial transaction that conduct ed electronically on the Internet. Some people define E-commerce as the processes of buying, selling, or exchanging products, services, and information by using the computer network technology such as the Internet. E-commerce does not only provide the function of buying and selling goods and services online via