What is E-COMMERCE ?
In today’s era, the Internet is in great use and E-commerce has an important role in it. E-commerce also called Internet commerce. It is used for the sale and purchase of goods to transfer money and data. Which is very convenient. In short, it is a medium of exchanging for services between buyers and sellers through the internet.
E-commerce means trade and commerce transactions through the Internet. For those users, e-commerce is useful in many business activities that users use the Internet to exchange information or transfer money. E-commerce always defines any shot of business transactions.
Ecommerce is exchanging trading information using email, electronic fund transfer and EDI etc. Consumers can easily buy anything with the help of e-commerce. E-commerce makes shopping faster and much easier for consumers. Consumers can easily buy any product through e-commerce.
TYPES OF E-COMMERCE
As soon as the name of e-commerce comes to our mind, it is a business transaction that is done with the help of the internet and makes internet business very easy and fast. It involves a lot of business that divides it into different categories such as B2B, B2C, C2B, and C2C.
- B2B (BUSINESS TO BUSINESS)
Transactions between companies fall in the B2B category. It establishes relations between producers and wholesalers of companies.
- B2C (BUSINESS TO CONSUMER)
B2B establishes business relationship between business and consumer. It provides goods to consumers at reasonable prices without any hassle. It establishes good relations between customers and business.
- C2B (CONSUMER TO BUSINESS)
Consumer-to-business is a business model in which consumers create value and businesses consume that value. For example, when a consumer writes reviews or when a consumer gives a useful idea for new product development then that consumer is creating value for the business if the business adopts the input
- C2C (CONSUMER TO CONSUMER)
C2C is basically denoted to customer to customer or consumer to consumer, in c2c business directly contact or dealing with the customers to customers there is profit ratio which is equal to 1:1. This business is often use by many vendors. Consumer to consumer markets provide an innovative way to allow customers to interact with each other. Traditional markets require a business to customer relationships, in which a customer goes to the business in order to purchase a product or service.