E-Commerce

E-Commerce 

E-Commerce or electronic commerce refers to the use of technology to enhance the processing of commercial transactions between a company, its customers and its business partners. It involves the automation of a variety of business to business and business to consumer transactions through reliable and sevure connections.


Benefits of e-commerce Application and Implementation 

E-Commerce presents immense benefits to individual organisations, consumers and society as a whole. Reduction in advertising cost, errors, time, and overhead cost to buyers, and reduction in time to complete business transactions are some of the major benefits of E-Commerce transactions.


Risks involved in E-Commerce 

Problem of anonymity, repudiation of contract, lack of authenticity of transactions, data loss or theft or duplication, attack from hackers, denialof service are some of the risks that are associated with E-Commerce.


Types of E-Commerce 

1.)Business-to-Business (B2B) E-Commerce :-

B2B refers to the exchange of services, information and/or products from one business to another. B2B electronic commerce typically takes the form of automated processes between trading partners and is performed in much higher volumes than Business-to-Consumer (B2C) applications. B2B can also encompass marketing activities between businesses and not just the final transactions that result from marketing.

 2.)Business-to-Consumer (B2C) E-Commerce :-

It is defined as the exchange of sevices, information and/or products from a business to a consumer, as opposed to between one business and another. This model saves time and money by doing business electronically but customers must be provided with safe and secure as well as easy-to-use and convenient options when it comes to paying for merchandise. This minimizes internal costs created by inefficient and ineffective supply chains and creates reduces end prices for the customers.

3.)Consumer-to-Business (C2B) E-Commerce :-

In C2B E-Commerce model, consumers directly contact with business vendors by posting their project work online so that the needy companies review it and contact the consumer directly with bid. The consumer reviews all the bids and sekects the company for further processing. Some examples are guru.com, rentacoder.com, getacoder.com, freelancer.com.

4.)Consumer-to-Consumer (C2C) E-Commerce :-

C2C E-Commerce is an Internet-facilitated form of commerce that provides a virtual environment in which consumers can sell to one another through a third-party intermediary.


5.)Business-to-Government (B2G) E-Commerce :-

B2G E-Commerce, also known as E-Government, refers to the use of information and communication technologies to build and strenghten relationship between government and employees, citizens, businesses, non-profit organizations, and other government agencies.


6.)Business-to-employee (B2E) E-Commerce :-

B2E E-Commerce, from an intra-organisational perspective provides the means for a business to offer online products and services to its employees.


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