Introduction Technological advancements have taken the world by storm. The daily chronicles have a different story to tell with every dawn of a new day about a technological invention and/or innovation. Doing business has become competitive more than ever. This phenomenon has created a business environment that follows the cliché, the survival of the fittest. It is in this spirit that businesses have adopted technology to survive and remain relevant in the dynamic consumer environment. This is especially so because the world has become a global village where information, ideas and products flow between different continents have become seamless. The internet has made it easier and cheap for manufacturers, wholesalers, and retailers to …show more content…
E- Commerce has evolved tremendously from online billboards to a personalized shopping experience. Types of e-commerce There are three categories of e-commerce depending on the buyer-seller relationship. • Business to consumer (B2C): this involves the seller who is the business organization and the buyer being the consumer. In this model, the business organization s the information source while the customer is the information seeker. • Business to business (B2B): this model involves business transactions involving two or more businesses. In this case, both businesses must provide a means of exchanging business documents. The major aspects include electronic funds transfer, electronic payment fulfillment and electronic racking of transactions. • Business to government (B2G): this model involves the government agencies or departments and the business organization. The operation in this model is the same as that of B2B or B2C. Advantages of e-commerce To consumers • Easier accessibility • Consumers are also able to compare between different products on a global platform efficiently. • With digital goods such as software, consumers can order and receive the product instantly. • No geographical limitation To business organizations • Elimination of geographical limitation • Increased sales since there is a large pool of customers • Decreased transaction and operating costs Limitations of e-commerce To consumers • Customers cannot inspect the
For example, if a consumer wanted to purchase a book for Amazon.com the only thing they would have to do is click on the shopping cart to add the item to the cart, once that was done the purchasing screen is displayed which allows the consumer to purchase the book. This is not true with a B2B website because the funding for the same book has to be authorized through many channels before the purchasing process can be completed.
Technology has advanced and changed very rapidly. Our business world depends on the most recent technology. Technology impacts customers’ choices of buying because what costumers want is convenience and personal satisfied tastes.
Ever since my senior year began, I have been spending a large amount of my time making decisions on my future college. I chose Appalachian State University, as not only because of its astounding reputation, but also due to the excellent support systems it has for someone diagnosed with ADHD. Unlike other students, I take longer time periods to finish tasks such as reading chapters for a test and worksheets assigned as homework, primarily because I have the tendency to get distracted. I have been improving with age, but I still struggle to finish simple tasks such as organizing my room. When I heard that Appalachian State University provided the best support systems related to helping those with ADHD, I decided that this would be the right university.
The benefits of using medical cannabis to manage such conditions as chronic pain or anxiety have been proven through years of effective testing. Even as Canada moves to legalize recreational marijuana at the federal level, however, there are still many questions surrounding medical marijuana. Many doctors still feel uncomfortable authorizing cannabis as a solution. But the largest question for new patients is often, “Where can I get medical marijuana?” which in the age of the internet becomes, “Should I buy medical cannabis online?”
Business to Consumer or B2C, electronic business activities that focus on retail transactions. An example of a B2C company would be Starbucks. Business to Business or B2B, companies doing direct business with each other instead of having consumers involved. A great example of a B2B company would be the Intel Corporation. The Intel Corporation is an American Global technology company, whom headquarters is located in Santa Clara, California. The overall marketing goal for both B2B and B2C companies is the same, increase the profit margin, but the marketing strategies of the two types of companies will differ based on their company’s needs.
Gilead and business partners use this model for Raw materials, equipment, consultants, parts, utilities, infrastructure, distribution, logistics services, legal, marketing etc. Drugs sold to pharmacies, doctors are also under this model. Business to Government e-commerce (B2G); Businesses selling product and services to a government entity (Haag.S & Cummings.M., 2013). Internationally some countries drugs are sold to the governments as the governments control the distribution, alternatively this model is also for epidemic support when needed in collaboration with the CDC. Finally, Government to Business e-commerce (G2B) occurs when the government selling products and services to business (Haag.S & Cummings.M., 2013). This comes into consideration when government run programs with subsidized drug payments. From a daily business operation perspective, City, county, state and Federal services are necessary to operate the business. FDA, EU etc. filing fees and
Salesforce is fundamentally set up utilizing a Business to Business (B2B) model when contrasted with a Business to Customer (B2C) model. It utilizes Accounts to speak to a Business and Contacts to speak to people both regarding it 's B2C clients, it 's B2B clients, it 's associates, it 's representatives, administration suppliers . The partners Contact records in the Salesforce database to their part inside the Account Record.
B2C stands for Business to Consumer as the name suggests, the basic concept of this model is to sell the product online to the consumers. B2C is the indirect trade between the company and consumers. It provides direct selling through online interaction.. Business to
B2B is basically for longtime sales practice called business-to-business while B2C signifies business-to-consumer. B2B deals with commerce transactions between businesses, not the general public, and B2C provides products and services directly to the end user. The initial step in forming marketing strategies for both B2B and B2C is to some extent similar.
Technology made online purchasing a very smooth procedure for individuals, for many years and now the buying process for corporate spend usually involves end users purchasing indirect materials from catalogs of contracted suppliers.
Like B2C sites, B2B sites must also have a good understanding on the target market they are attempting to reach, but B2B marketing is more focused on relationship building than transaction building like B2C sites. Additionally, "the business buyer is sophisticated, understands your product or service better than you do, and wants or needs to buy products or services to help their company stay profitable, competitive, and successful" (http://www.vista-consulting.com/marketing-articles/b2b-b2c-marketing.htm, 2006). Furthermore, the visitor to the B2B site might not be the actual buyer, but a member of the decision making team. Thus, B2B sites must fulfill the needs of the researcher' who may be just wanting to locate detailed information about the product, long-term customer care, and the financial stability of the B2B (Grove, 2005). And, in most cases, B2B site's target market is smaller and well defined versus the B2C target market. For B2B sites, they are building their customer base on long-term relationships, trust, and commitments not on the number of
The business model is a design for a successful operation in business, identifying revenue sources, customer base, product and details of financing. It describes the method of how an organization or company creates, deliver and capture values in economics, social and cultural contexts. The business model may also be used by the company to generate revenue and make profits from the operations. The module, therefore, includes the components and functions of a business.
With the rapid development of information technology, the world is increasingly connected and the gap between companies and consumers is shrinking. Meanwhile, with a
Small farms have an important part in the rapid expansion of the U.S. agricultural sector (USDA-NASS, 2015). Ninety-two percent of all farms in the United States are classified as small with small farms being defined as those with annual gross revenues of $250,000 or less (USDA-NASS, 2015). A way to increase the competitiveness of small farmers is to enhance their management practices and to expand their capacities through the use of tools such as electronic commerce (e-commerce) (Briggeman & Whitacre, 2010; Roe et al., 2014). E-commerce, an aspect of information communications technology (ICT), is defined as the buying, selling, and marketing of goods and services online (Hua et al., 2015).
Debate over the U.S. healthcare reform law – the Affordable Care Act (ACA) or Obamacare – have raged for almost a decade, with new fury now in the “repeal and replace” initiatives of the Trump administration (Berwick). The act is complex, the more so because its provisions build on an already tortuous non-system of financing and delivering care to the people of the U.S. (Berwick). Providing Americans with “affordable healthcare” is still lacking, therefore the U.S. health sector qualifies for some government intervention. A more fundamental reform, such as Trumpcare, is needed because (1) Americans get their choice (which is their right), whether they want to get insurance or not, (2) it provides Americans with