Shopping online has been gaining fashionableity because the unlucky emergent of the ‘Coronavirus’ or ‘Covid-19’ pandemic and the ensuing lockdown that is occurring worldwide. Owing to this, most individuals should conduct their shopping or business online using their computer systems or smartphones with Internet connection from where they are. Thankabsolutely, this has been made attainable by standard networks known as E-Commerce and E-Business.
Most people are of the opinion that these two terms imply the same. In actual fact, they aren’t, however are closely related to at least one another.
Definition of E-Commerce
The term E-Commerce, is an acronym referring to “Digital ‘Commerce” and it’s the process of selling and buying of products by means of an online store. Unlike a “brick and mortar” store, there is no face to face interfacing between the seller and the client in order for the transaction to take place.
Some E-Commerce models are as follows:
1. Enterprise to Enterprise (B2B)
This refers to any type of electronic transactions of products or providers that take place between companies.
2. Enterprise to Consumer (B2C)
This refers to any type of digital transactions of products or services that take place between the seller and the customer. By far, this is a quite common type of E-Commerce.
This type of E-Commerce is generally more dynamic and simply conducted. With the setting up of many online stores, B2C has elevated very significantly over the past couple of months as a result of lockdown. You can now easily find just about any type of online store and in any area of interest you want over the Internet. They sell all kinds of physical products akin to books, gadgets, clothes, tools, accessories, etc. and digital products similar to e-Books, information, on-line programs, etc.
Many individuals are moving toward on-line shopping more than the physical one because it’s more convenient, and the costs are often cheaper too, even with shipping cost. One other plus point is most on-line stores will even offer free shipping for purchases exceeding a certain amount.
3. Consumer to Consumer (C2C)
This refers to any digital transaction of products or services between one buyer and another customer. Generally, this can take place with the help of a third-party, as an illustration, Amazon, eBay or Etsy as a marketplace for on-line selling and buying.
4. Consumer to Enterprise (C2B)
Consumer to business is a type of enterprise model the place the customer or consumer creates a product or provides a service that a business or firm uses to enhance its business set-up, to boost its business image or to achieve advantages over its competitors.
As an example, websites resembling Fiverr, Upwork, etc. where their freelancers provide their providers like website or logo creations, and any business can use their companies in the event that they want.
5. Enterprise to Administration (B2A)
This refers to any type of transactions which are carried out between business and government via the Internet. It contains many various types of companies, 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 example, taxes, education, health, social security, etc.
Definition of E-Enterprise
The term E-Business is an acronym referring to “Electronic Enterprise,” and its enterprise is performed with using the Internet, Extranet, Intranet and website. In this sense, E-Business is a bit just like E-Commerce, however it’s more than just selling and shopping for products or services online.
Essentially, E-Enterprise encompasses a wider range of business processes, equivalent to electronic ordering and processing, customer relationship administration, supply chain administration, etc. Usually, E-Commerce might be construed as a part of E-Business.
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