Shopping online has been gaining widespreadity for the reason that unlucky emergent of the ‘Coronavirus’ or ‘Covid-19’ pandemic and the following lockdown that is taking place worldwide. Owing to this, most people need to conduct their shopping or business online using their computer systems or smartphones with Internet connection from the place they are. Thankabsolutely, this has been made possible by two popular networks known as E-Commerce and E-Business.
Most people are of the opinion that these phrases imply the same. In reality, they don’t seem to be, however are carefully related to one another.
Definition of E-Commerce
The term E-Commerce, is an acronym referring to “Electronic ‘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 face to face interfacing between the seller and the buyer in order for the transaction to take place.
Some E-Commerce models are as follows:
1. Business to Business (B2B)
This refers to any type of digital transactions of products or services that take place between two companies.
2. Enterprise to Consumer (B2C)
This refers to any type of electronic transactions of products or companies 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 easily conducted. With the setting up of many on-line stores, B2C has elevated very significantly over the past couple of months as a result of lockdown. You can now easily discover 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 similar to books, gadgets, garments, instruments, accessories, etc. and digital products such as e-Books, info, online courses, 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. One other plus level is most online stores will even provide free shipping for purchases exceeding a certain amount.
3. Consumer to Consumer (C2C)
This refers to any digital transaction of products or providers between one customer and one other 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 where the customer or user creates a product or provides a service that a business or company makes use of to enhance its enterprise set-up, to enhance its business image or to realize advantages over its competitors.
As an example, websites resembling Fiverr, Upwork, etc. where their freelancers offer their companies like website or logo creations, and any enterprise can use their providers if they want.
5. Enterprise to Administration (B2A)
This refers to any type of transactions which can be conducted between business and government by the Internet. It includes many different types of providers, reminiscent of fiscal, social security, employments, authorized documents, 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 term E-Business is an acronym referring to “Electronic Business,” and its enterprise is conducted with the use of the Internet, Extranet, Intranet and website. In this sense, E-Business is a bit much like E-Commerce, but it’s more than just selling and buying products or companies online.
Essentially, E-Business encompasses a wider range of enterprise processes, akin to digital ordering and processing, buyer relationship administration, provide chain management, etc. Usually, E-Commerce can be construed as a part of E-Business.
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