Shopping online has been gaining in styleity since the unlucky emergent of the ‘Coronavirus’ or ‘Covid-19’ pandemic and the ensuing lockdown that’s taking place worldwide. Owing to this, most people must conduct their shopping or business online utilizing their computer systems or smartphones with Internet connection from the place they are. Thankfully, this has been made attainable by two well-liked networks known as E-Commerce and E-Business.
Most people are of the opinion that these two phrases mean the same. In actual fact, they aren’t, but are carefully associated to at least one another.
Definition of E-Commerce
The time period E-Commerce, is an acronym referring to “Digital ‘Commerce” and it’s the process of selling and buying of products via a web based store. Unlike a “brick and mortar” store, there is no such thing as a nose to nose interfacing between the seller and the customer to ensure that the transaction to take place.
Some E-Commerce models are as follows:
1. Business to Enterprise (B2B)
This refers to any type of electronic transactions of products or providers that take place between companies.
2. Business to Consumer (B2C)
This refers to any type of digital transactions of products or providers that take place between the seller and the customer. By far, this is a very common type of E-Commerce.
This type of E-Commerce is mostly more dynamic and simply conducted. With the setting up of many on-line stores, B2C has elevated very significantly over the last couple of months because of the lockdown. Now you can easily find just about any type of online store and in any area of interest you need over the Internet. They sell all kinds of physical products reminiscent of books, gadgets, garments, tools, accessories, etc. and digital products such as e-Books, information, on-line programs, etc.
Many people are moving toward online shopping more than the physical one because it’s more convenient, and the costs are normally cheaper too, even with shipping cost. Another plus point is most on-line stores will also offer free shipping for purchases exceeding a certain amount.
3. Consumer to Consumer (C2C)
This refers to any electronic transaction of products or services between one buyer and another customer. Generally, this can take place with the assistance of a third-party, for example, Amazon, eBay or Etsy as a marketplace for online selling and buying.
4. Consumer to Enterprise (C2B)
Consumer to business is a type of enterprise model where the shopper or consumer creates a product or provides a service that a enterprise or firm makes use of to enrich its business set-up, to boost its business image or to realize advantages over its competitors.
As an example, websites akin to Fiverr, Upwork, etc. the place their freelancers supply their companies like website or logo creations, and any business can use their services if they want.
5. Enterprise to Administration (B2A)
This refers to any type of transactions which are conducted between enterprise and authorities through the Internet. It includes many various types of providers, reminiscent of fiscal, social security, employments, legal paperwork, etc.
6. Consumer to Administration (C2A)
This refers to any type of transactions that take place between the consumer and the government. For instance, taxes, training, health, social security, etc.
Definition of E-Enterprise
The time period E-Enterprise is an acronym referring to “Digital Enterprise,” and its enterprise is performed with the usage of the Internet, Extranet, Intranet and website. In this sense, E-Business is a bit similar to E-Commerce, but it’s more than just selling and buying products or companies online.
Essentially, E-Business encompasses a wider range of business processes, equivalent to digital ordering and processing, buyer relationship management, provide chain management, etc. Typically, E-Commerce can be construed as a part of E-Business.
If you adored this information and you would certainly like to get more info concerning Lenovo laptop kuwait kindly see the web-page.