E Commerce, B2b And B2c

1301 Words6 Pages
I. Introduces the E-commerce, B2B and B2C 1. E-commerce E-commerce stands for Electronic commerce and it is the process of buying, selling or exchanging products, service or information across the Internet. E-commerce not only buying and selling of products and service, but also servicing customer, collaborating with business partners, and conducting electronic transactions within an organisation. 2. B2B e-commerce B2B stands for Business-to-Business, which is the transactions between businesses such as supplier and retailer. It conducts electronically through the Internet, extranets, intranets or private networks. There are four basic types of transactions in B2B. i) Sell-side: Focus on one company selling needs ii) Buy-side: Focus on one company buying needs iii) Exchanges: Usually operated by a third party. iv) Public e-marketplace: Open to all interested parties and it is usually operated by third-party. 3. B2C e-commerce Business-to-consumer (B2C) is an Internet and electronic commerce (e-commerce) which is the online financial transaction or sale between a business and consumer. B2C includes a service or product exchange from a business to a consumer, by which businessman sells products to consumers. II. The Advantages There are many benefits for people to operate their business electronically, and reduce the operation cost such as rent at the beginning. Here some advantages below: • #1. Cost Effective Because of the financial transactions will become
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