Shopping online has been gaining commonity for the reason that unfortunate emergent of the ‘Coronavirus’ or ‘Covid-19’ pandemic and the ensuing lockdown that is happening worldwide. Owing to this, most people have to conduct their shopping or enterprise on-line using their computers or smartphones with Internet connection from the place they are. Thanktotally, this has been made attainable by widespread networks known as E-Commerce and E-Business.
Most people are of the opinion that these phrases imply the same. Actually, they are not, but are intently related to 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 shopping for of products by way of an internet store. Unlike a “brick and mortar” store, there is no nose to nose 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 services that take place between the seller and the customer. By far, this is a very common type of E-Commerce.
This type of E-Commerce is usually more dynamic and easily conducted. With the setting up of many on-line stores, B2C has increased 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 comparable to books, gadgets, clothes, tools, accessories, etc. and digital products resembling e-Books, data, online programs, 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. Another plus point is most on-line stores will also provide free shipping for purchases exceeding a certain amount.
3. Consumer to Consumer (C2C)
This refers to any electronic transaction of products or providers between one buyer and another customer. Typically, this can take place with the assistance of a third-party, for example, Amazon, eBay or Etsy as a marketplace for online selling and buying.
4. Consumer to Business (C2B)
Consumer to business is a type of business model the place the customer or person creates a product or provides a service that a business or firm makes use of to complement its business set-up, to boost its business image or to achieve advantages over its competitors.
For example, websites reminiscent of Fiverr, Upwork, etc. the place their freelancers offer their services like website or logo creations, and any enterprise can use their services in the event that they want.
5. Business to Administration (B2A)
This refers to any type of transactions that are conducted between business and government via the Internet. It includes many various types of companies, such as 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, schooling, health, social security, etc.
Definition of E-Enterprise
The time period E-Enterprise is an acronym referring to “Digital Enterprise,” and its enterprise is performed 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 shopping for products or companies online.
Essentially, E-Enterprise encompasses a wider range of enterprise processes, reminiscent of digital ordering and processing, customer relationship administration, supply chain administration, etc. Typically, E-Commerce will be construed as a part of E-Business.
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