Shopping online has been gaining popularity because the unlucky emergent of the ‘Coronavirus’ or ‘Covid-19’ pandemic and the following lockdown that is happening worldwide. Owing to this, most individuals need to conduct their shopping or business online utilizing their computers or smartphones with Internet connection from where they are. Thankfully, this has been made attainable by common networks known as E-Commerce and E-Business.
Most people are of the opinion that these phrases mean the same. In actual fact, they don’t seem to be, but are intently associated to 1 another.
Definition of E-Commerce
The time period E-Commerce, is an acronym referring to “Electronic ‘Commerce” and it’s the process of selling and shopping for of products by a web based store. Unlike a “brick and mortar” store, there is no head to head 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 companies that take place between companies.
2. Business 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 usually more dynamic and easily conducted. With the setting up of many online stores, B2C has increased very significantly during the last couple of months because of the lockdown. You can now easily discover just about any type of on-line store and in any area of interest you need over the Internet. They sell all kinds of physical products such as books, gadgets, clothes, tools, accessories, etc. and digital products equivalent to e-Books, data, 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 normally cheaper too, even with shipping cost. One other plus level is most on-line stores can even offer free shipping for purchases exceeding a sure amount.
3. Consumer to Consumer (C2C)
This refers to any electronic transaction of products or providers between one customer and another customer. Typically, this can take place with the help of a third-party, as an 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 business model where the shopper or person creates a product or provides a service that a enterprise or firm uses to enhance its business set-up, to reinforce its business image or to realize advantages over its competitors.
As an example, websites similar to Fiverr, Upwork, etc. where their freelancers offer their providers like website or logo creations, and any enterprise can use their services if they want.
5. Business to Administration (B2A)
This refers to any type of transactions which can be conducted between enterprise and government through the Internet. It contains many alternative types of providers, equivalent to fiscal, social security, employments, legal 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, education, health, social security, etc.
Definition of E-Business
The term E-Enterprise is an acronym referring to “Electronic Enterprise,” and its business is performed with the usage of 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 buying products or services online.
Essentially, E-Business encompasses a wider range of business processes, comparable to electronic ordering and processing, buyer relationship management, supply chain administration, etc. Generally, E-Commerce could be construed as a part of E-Business.
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