Shopping on-line has been gaining in styleity since the unfortunate emergent of the ‘Coronavirus’ or ‘Covid-19′ pandemic and the following lockdown that’s taking place worldwide. Owing to this, most people should conduct their shopping or enterprise online using their computer systems or smartphones with Internet connection from the place they are. Thankfully, this has been made doable by two widespread networks known as E-Commerce and E-Business.
Most people are of the opinion that these phrases imply the same. In truth, they aren’t, but are carefully related 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 an online store. Unlike a “brick and mortar” store, there isn’t a face to face interfacing between the seller and the customer to ensure that the transaction to take place.
Some E-Commerce models are as follows:
1. Enterprise to Enterprise (B2B)
This refers to any type of digital transactions of products or services 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 generally more dynamic and simply conducted. With the setting up of many online stores, B2C has increased very significantly during the last couple of months because of the lockdown. Now you can simply find 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 similar to books, gadgets, clothes, tools, accessories, etc. and digital products comparable to e-Books, info, online programs, etc.
Many individuals are moving toward on-line shopping more than the physical one because it’s more handy, and the costs are often cheaper too, even with shipping cost. One other plus point is most online stores may even supply 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 customer and one other customer. Generally, this can take place with the assistance of a third-party, as an example, Amazon, eBay or Etsy as a marketplace for online selling and buying.
4. Consumer to Business (C2B)
Consumer to enterprise is a type of business model the place the shopper or user creates a product or provides a service that a business or firm uses to enhance its enterprise set-up, to enhance its business image or to achieve advantages over its competitors.
As an example, websites corresponding to Fiverr, Upwork, etc. the place their freelancers offer their providers like website or brand creations, and any business can use their companies if they want.
5. Enterprise to Administration (B2A)
This refers to any type of transactions which might be performed between business and authorities via the Internet. It contains many alternative types of companies, equivalent to fiscal, social security, employments, authorized 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-Business
The time period E-Business is an acronym referring to “Electronic Enterprise,” and its enterprise is carried out with the usage of the Internet, Extranet, Intranet and website. In this sense, E-Enterprise is a bit much like E-Commerce, but it’s more than just selling and shopping for products or providers online.
Essentially, E-Business encompasses a wider range of enterprise processes, such as digital ordering and processing, buyer relationship administration, supply chain management, etc. Generally, E-Commerce may be construed as a part of E-Business.
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