E commerce and its types
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E-commerce, or electronic commerce, involves the buying and selling of goods and services over the internet, and includes various transaction types. These types include business-to-business (B2B), business-to-consumer (B2C), consumer-to-consumer (C2C), consumer-to-business (C2B), business-to-administration (B2A), and consumer-to-administration (C2A). Each type serves different transaction dynamics between businesses, consumers, and administrations.
E commerce and its types
- 1. E-COMMERCE AND ITS TYPES
- 3. WHAT IS E-COMMERCE? E-Commerce also known as electric commerce or internet commerce, refers to buying and selling goods using internet also sharing information and money to execute these transactions. E-Commerce also refers to use internet to do transactions and buying products.
- 4. TYPES OF ECOMMERCE MODELS Most of the people thinks e-commerce is a purchase of goods and services by the use of internet but there are more specific ways to refer the type of online transaction by mentioning the which type of e-commerce the transaction falls under.
- 6. BUSINESS-TO-BUSINESS (B2B) This refers to the online transactions of goods and sales between two companies. This type of e- commerce happens between the producers of the products and the wholesaler who advertise the products and make them sale in market to consumers. Sometimes it let the wholesaler to stay ahead in the competition.
- 8. BUSINESS-TO-CONSUMER (B2C) The most used form of electronic business is B2C that creates online transactions between businesses and consumers. Most of the people like this because it allows customers to find the best prices, read customer reviews and find different variety of products that they are not able to find in the retail world. This also enables businesses to create strong relationships with the customers.
- 10. CONSUMER-TO-CONSUMER (C2C) This type of e-commerce deals with the transactions that are made between consumers. Usually these kinds of transactions are made by online selling platforms or by the social media platforms or websites.
- 12. CONSUMER-TO-BUSINESS (C2B) It is not the most traditional form of e-commerce where consumers make their products available for the companies to purchase them. The example of C2B would be a graphic designer or web designer who designs a logo or a website for a company.
- 14. BUSINESS-TO-ADMINISTRATION (B2A) This Type of e-commerce refers to all the transactions made with company and administration. This area involves many services, particularly employment and legal document.
- 16. CONSUMER-TO-ADMINISTRATION (C2A) It is also a popular and most used e-commerce transaction that happens directly between the customers and organization’s administration. Examples of this are health consultation from a doctor or filling taxes etc.