Contents Introduction…………………………………………………………………………………………………………… Types of E-commerce…………………………………………………………………………………………….. E-commerce in use by organisations……………………………………………………………………... Financial implications…………………………………………………………………………………………….. Designing an e-commerce solution………………………………………………………………………… Evaluation………………………………………………………………………………………………………………. References……………………………………………………………………………………………………………… Introduction. Many businesses have shown that after implementing an e-commerce system into their companies, sales have increased immensely. Sneaker Joe’s is a small family run business that is looking to expand their business after the sneakers they sell have shown to be very popular locally, after a picture of them was spotted on a social networking site. I have been looking at some of the most popular websites that consumers use to purchase their goods and what kind of commerce system they have in place, but first, I have written an explanation of the different types of ecommerce used today. Types of Ecommerce. E-commerce is the process of buying and selling of various products and services by businesses through the Internet. Primarily there are five types of ecommerce systems: Business to Consumer (B2C) B2C stands for Business to Consumer as the name suggests, the basic concept of this model is to sell the product online to the consumers. B2C is the indirect trade between the company and consumers. It provides direct selling through online interaction.. Business to
E-commerce is short for electronic commerce and refers to purchasing and selling items and services on the Internet via a website. Otherwise called an online store, an E-Commerce website has features that make it easy for customers to browse for items to purchase.
Generally speaking at first sight we would think about e-commerce as just think of an online relation between client and the supplier, although it is right there are also several areas that make up the relationships of having E-commerce which can be broken down into 4 basic categories which are Business to business (B2B), Business to consumer (B2C), Consumer to Business (C2B), Consumer to Consumer (C2C), and also other forms of ecommerce involving government transaction.
E-commerce is a product that has been available since the early 90’s. It is something that people are familiar with. A product that is now part and parcel of people’s lives.
E-business uses the digital technology to optimize the business activities of organization in order to increase the efficiency and effectiveness of operation and gain competitive advantages. E-business provides the solution that allows the organization to instantly share database, information of products and services, financial figures and data and nearly anything else that the organization may need to operate the business activities effectively and efficiently (Nguyen, 2013). E-commerce which is the abbreviation of electronic commerce is the subset of e-business. It focuses on the online transaction which includes selling of products or service by using computer network, primarily the Internet.
E-Commerce. The ecommerce industry has been around for a long time, however, with the aid of modern networking technology it has become even better and it will continue to evolve as the technology grows. Ecommerce involves the activities of buy and selling good over a network mainly the internet. Ecommerce is a step up from traditional shops where customers had to visit a physical store to purchase goods and services according to Rouse, M. (2016, June 30). What is e-commerce (electronic commerce or EC?). Ecommerce allows a consumer to stay at home, make purchases and then have the good or service delivered to them. Ecommerce would not have been possible without the aid of computer networks and the internet. The infrastructure of ecommerce is networking. The components of an ecommerce system is: A consumer using a computer or cellphone, a web server, an order manager the stock database, a merchant system, and the bank computer.
Business to consumer (B2C): this involves the seller who is the business organization and the buyer being the consumer. In this model, the business organization s the information source while the customer is the information seeker.
Definition of e-commerce “The term of Electronic commerce has been used for describing a variety of market transaction, enabled by information technology and conducted over the electronic network”. (Bhaskar, 2009)
E-commerce is the buying and selling of products or services over electronic systems such as the Internet and other computer networks. E-commerce uses the World Wide Web at one point in the transaction's life-cycle, although it may include a wider range of technologies such as e-mail, mobile devices and telephones.
Business-to-business is simply e-commerce that is present between two businesses. It is said that it is the fastest growing type of e-commerce, much faster than B2C. It is a type of e-commerce wherein two businesses transact with each other online. About 80% of online businesses are of B2B type.
E-commerce – This is about the purchases and sales of goods and/or services via electronic channels e.g. internet. It is very convenient to use online retail because it is available 24 hours; it is a global reach and ease of customer service. E-commerce was first introduced in the 1960’s and is not just on the web. It was created via electronic data interchange and through valued-added networks. In the 1990’s e-commerce was changed due to the introduction of Amazon and eBay which enabled costumers to sell things online. There are four different types of e-commerce:
My boss gave me full reigns on this one, so I decided to create a business to consumer, e-business model. I wanted to create a business to consumer since it will be the best e-business model suited for my boss and his unique business endeavor, after all I want to maximize profits. The reasons B2C made the cut was because selling directly to clients was more beneficial than selling directly to merchants. Business to consumer is the most
E-commerce Explain what is meant by the term ‘E-commerce’. It is the conducting of business communication and transactions over networks and through computers. As most restrictively defined, electronic commerce is the buying and selling of goods and services, and the transfer of funds, through digital communications. However EC also includes all inter-company and intra-company functions (such as marketing, finance, manufacturing, selling, and negotiation) that enable commerce and use electronic mail, EDI, file transfer, fax, video conferencing, workflow, or interaction with a remote computer. Electronic commerce also includes buying and selling over the Web, electronic funds transfer, smart cards, digital cash (e.g.
There are three primary sorts of the E-commerce systems. They are business – to – business (B2B), Business – to – shopper (B2C) and customer – to – buyer (C2C).
E-commerce is to use the internet to do business in a better and faster way. E-commerce is defined by an online dictionary as the following: “Commercial transactions conducted electronically on the internet”. E-commerce is the term to describe the operations, technology and processing that occur when financial or business transactions are conducted electronically. Internet shopping, the downloading and selling of “soft merchandise” and online business to business transactions are all examples of e-commerce we encounter on a daily basis (Businesstown:2003).
Consumer to business electronic commerce involves consumers selling products or services to businesses. You've taken part in this form of e-commerce if you've ever completed a paid online survey where you've given your opinion about a product. Eg: ReverseAuction.com