1.0 Introduction 1.1 Background of Study 1.1.1 E-commerce Connectivity to the Internet the main cause and the effect of new ways to let businessman conduct their business electronically. E-commerce represents of becoming most important for any business looking to sell products, services and information directly to customers. Drastic growth of Internet and technologies surrounding it has the potential of E-commerce build strong platform to help expand geographical distribution, attracting customer and partners, improve productivity, logistics operation and unlimited to a choice of a shopping cart. There are typically two distinctive sides to any E-commerce application into business : the buy side and the sell side. Buy-side E-commerce refers to transaction between a purchasing organization and its supplier.However, Sell –side E-commerce refers to transaction between a supplier organization and its customer. …show more content…
Business –to- Customer (B2C) refer to involves between companies and customer with information, buying physical products or services over electronic network.B2C e-commerce helps to reduces transaction cost by increasing customer access to information and allowing customer to find mist competitive price for product and service. Business- to-Government is generally relationship between companies and public sector. The use of the Internet for public procurement, licensing procedures, and other government-related operation. Customer-to-Customer is simply between private individuals or customer. However M-commerce is the wireless technology which is the buying and selling of goods and services through handheld
Business-to-Business ecommerce refers to electronic processing of transactions such as products/services or information between businesses (Shaw, 2015). It includes electronic data interchange and supply chain management. It also influences the buying decision of customers in that when customers decide on a purchase, they start by checking it
Business-to-consumer electronic commerce occurs when a person sells an item through a Web auction site to another person.
In 1991, the internet became available for commercial use, which introduced the possibility for what we now know as electronic commerce, or e-commerce. By 2000, “a great number of business companies in the United States and Western Europe represented their services in the World Wide Web” and it was at this time that the e-commerce that we utilize in today’s business world took shape (e-commerce Land, n.d.). “People began to define the term ecommerce as the process of purchasing of available goods and services over the Internet using secure connections and electronic payment services” (e-commerce Land, n.d.). Through continued growth of the internet, brick and mortar stores came to realize that electronic representation would be an
E-commerce is a product that has been available since the early 90’s. It is something that people are familiar with. A product that is now part and parcel of people’s lives.
E-business uses the digital technology to optimize the business activities of organization in order to increase the efficiency and effectiveness of operation and gain competitive advantages. E-business provides the solution that allows the organization to instantly share database, information of products and services, financial figures and data and nearly anything else that the organization may need to operate the business activities effectively and efficiently (Nguyen, 2013). E-commerce which is the abbreviation of electronic commerce is the subset of e-business. It focuses on the online transaction which includes selling of products or service by using computer network, primarily the Internet.
The Business-to-Business (B2B) concept used by Amazon employs computer networks including the Internet, to enhance communication between various business partners. This is a necessary function to maintain
Generally speaking at first sight we would think about e-commerce as just think of an online relation between client and the supplier, although it is right there are also several areas that make up the relationships of having E-commerce which can be broken down into 4 basic categories which are Business to business (B2B), Business to consumer (B2C), Consumer to Business (C2B), Consumer to Consumer (C2C), and also other forms of ecommerce involving government transaction.
The second perspective considering the Procurement stages is also noted in the book “Digital Business – Concepts and Strategy” as, “Three types of B2B exchanges often illustrate the history of the relationship between a seller and a buyer: new buy, modified rebut, and straight rebuy” (Coupey, 2005, p. 367) which takes the vantage point of procurement activities. In a new buy procurement situation is encountered by building new exchange relationships where the burden of all the procurement process stages (Information
.B2B (business to business) – This e-commerce is about companies doing business with each other e.g. wholesalers selling to retail.
E-commerce is short for electronic commerce where the participants (companies) trade their products and services using computer networks. The buyers and sellers can use platforms like mobile commerce, electronic funds transfer, supply chain management, online transaction processing, data collection, internet marketing, electronic data interchange and inventory management systems. Currently, most of these transactions have taken advantage of the World Wide Web, which is largely accessed through emails and other platforms. E-commerce entails online shopping web sites, active participation in online market places, business to business trading activities, data collection through web contacts and other social media, electronic data interchange between businesses and retails for launching newly innovated and created products and services.
Nah et al (2002) state that EC activities include the formation and maintenance of online relationships between an organisation and its customers, suppliers, partners, dealers and other agents related to (or in the support of) traditional delivery channels , in ways that could not be supported in traditional retail channels. These activities may be business-to-consumer (B2C), consumer-to-business (C2B), business-to-business (B2B)
There are three primary sorts of the E-commerce systems. They are business – to – business (B2B), Business – to – shopper (B2C) and customer – to – buyer (C2C).
E-Commerce. The ecommerce industry has been around for a long time, however, with the aid of modern networking technology it has become even better and it will continue to evolve as the technology grows. Ecommerce involves the activities of buy and selling good over a network mainly the internet. Ecommerce is a step up from traditional shops where customers had to visit a physical store to purchase goods and services according to Rouse, M. (2016, June 30). What is e-commerce (electronic commerce or EC?). Ecommerce allows a consumer to stay at home, make purchases and then have the good or service delivered to them. Ecommerce would not have been possible without the aid of computer networks and the internet. The infrastructure of ecommerce is networking. The components of an ecommerce system is: A consumer using a computer or cellphone, a web server, an order manager the stock database, a merchant system, and the bank computer.
That is why a name like Amazon.com pops up in most discussions about ecommerce.” (p.1) I would say Ebay, one of the largest e-commerce sites after Amazon, possibly falls into all the categories of e-commerce. While it it apparent that Ebay fits comfortably into the B2C and C2C e-commerce types, it could also be a B2B type too, as I have seen other independant online companies (some I have dealt business with have been RunCam, HobbyKing and Atomic RC) who also register as sellers on Ebay. Thus businesses could possibly buy/sell from each other via Ebay. Since Ebay is a platform where almost anything can be listed, it could also suit the C2B category as well, for example, if an individual sells their services to a company via Ebay.
Business-to-consumer e-commerce, or commerce between companies and consumers,involves customers gathering information; purchasing physical goods (i.e., tangibles such asbooks or consumer products) or information goods (or goods of electronic material ordigitized content, such as software, or e-books); and, for information goods, receivingproducts over an electronic network.It is the second largest and the earliest form of e-commerce. Its origins can be traced toonline retailing (or e-tailing). Thus, the more common B2C business models are the onlineretailing companies such as flipkart.com Amazon.com, snapdeal.com etc