The document defines different types of e-commerce models:
- Business-to-Business (B2B) where businesses sell goods and services to other businesses, accounting for 80% of e-commerce.
- Business-to-Consumer (B2C) where businesses sell directly to consumers through online stores.
- Consumer-to-Consumer (C2C) where individuals can buy and sell to each other through sites like eBay.
- Mobile Commerce (M-commerce) which enables transactions through wireless devices like PDAs.
The document defines different types of e-commerce models:
- Business-to-Business (B2B) where businesses sell goods and services to other businesses, accounting for 80% of e-commerce.
- Business-to-Consumer (B2C) where businesses sell directly to consumers through online stores.
- Consumer-to-Consumer (C2C) where individuals can buy and sell to each other through sites like eBay.
- Mobile Commerce (M-commerce) which enables transactions through wireless devices like PDAs.
The document defines different types of e-commerce models:
- Business-to-Business (B2B) where businesses sell goods and services to other businesses, accounting for 80% of e-commerce.
- Business-to-Consumer (B2C) where businesses sell directly to consumers through online stores.
- Consumer-to-Consumer (C2C) where individuals can buy and sell to each other through sites like eBay.
- Mobile Commerce (M-commerce) which enables transactions through wireless devices like PDAs.
The document defines different types of e-commerce models:
- Business-to-Business (B2B) where businesses sell goods and services to other businesses, accounting for 80% of e-commerce.
- Business-to-Consumer (B2C) where businesses sell directly to consumers through online stores.
- Consumer-to-Consumer (C2C) where individuals can buy and sell to each other through sites like eBay.
- Mobile Commerce (M-commerce) which enables transactions through wireless devices like PDAs.
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` Business Model
What is E-Commerce “E-commerce is the purchasing, selling and exchanging goods and services over computer networks (internet). Process Major types of e-commerce
Market relationships Business-to-Consumers (B2C) Business-to-Business (B2B) Consumer-to-Consumer (C2C) Technology-based Peer-to-Peer (P2P) Mobile Commerce (M-commerce) Business-to-business (B2B) B2B stands for Business to Business. It consists of largest form of Ecommerce. This model defines that Buyer and seller are two different entities. It is similar to manufacturer issuing goods to the retailer or wholesaler. E.g.:-Dell deals computers and other associated accessories online but it is does not make up all those products. So, in govern to deal those products, first step is to purchases them from unlike businesses i.e. the producers of those products. About 80% of e-commerce is of this type, and most experts predict that B2B ecommerce will continue to grow faster than the B2C segment. Most B2B applications are in the areas of supplier management (especially purchase order processing), inventory management (i.e., managing order-ship-bill cycles), distribution management, Channel management (i.e., information dissemination on changes in operational conditions), and payment management (e.g., electronic payment systems or EPS).
The B2B market has two primary components: e- infrastructure and e-markets.
E-infrastructure is the architecture of B2B, it includes the following:
Logistics - transportation, warehousing and distribution (e.g., P&G);
Application service providers - deployment, hosting and management of packaged software
from a central facility (e.g., Oracle and Linkshare);
Outsourcing of functions in the process of e-commerce, such as Webhosting, security and
customer care solutions (e.g., outsourcing providers such as eShare, NetSales, iXL Enterprises and Universal Access); Business-to-consumer (B2C): It is the model taking businesses and consumers interaction. The basic concept of this model is to sell the product online to the consumers. B2c is the direct trade between the company and consumers. It provides direct selling through online. For example: if you want to sell goods and services to customer so that anybody can purchase any products directly from supplier’s website. The more common applications of this type of e- commerce are in the areas of purchasing products and information, and personal finance management, which pertains to the management of personal investments and finances with the use of online banking tools (e.g., Quicken). B2C e-commerce reduces transactions costs (particularly search costs) by increasing consumer access to information and allowing consumers to find the most competitive price for a product or service. B2C e-commerce also reduces market entry barriers since the cost of putting up and maintaining a Web site is much cheaper than installing a “brick-and- mortar” structure for a firm.
In the case of information goods, B2C e-commerce is even more
attractive because it saves firms from factoring in the additional cost of a physical distribution network.
Moreover, for countries with a growing and robust Internet
population, delivering information goods becomes increasingly feasible. Consumer-to-consumer (C2C) There are many sites offering free classifieds, auctions, and forums where individuals can buy and sell thanks to online payment systems like PayPal where people can send and receive money online with ease. eBay's auction service is a great example of where person-to-person transactions take place everyday since 1995. M-Commerce
Wireless digital devices enable transactions on the web.
Uses personal digital assistants (PDAs) to connect. Used most widely in Japan and Europe. Pros
No checkout queues
Reduce prices
You can shop anywhere in the world
Easy access 24 hours a day
Wide selection to cater for all consumers
Cons
Unable to examine products personally
Not everyone is connected to the Internet
There is the possibility of credit card number theft
On average only 1/9th of stock is available on the net
