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What is E-Business
E-business or Online Business is
any kind of commercial transaction or business. That includes sharing information density e-commerce across the internet. The buyer and seller don’t meet personally. Commerce constitutes the
exchange of goods and services between businesses, groups and each can be seen
as one of the essential activities of any business. E-commerce focuses on the
use of ICT to enable the
relationships and external activities of the business with groups, individuals
and other businesses, while e-business refers to business with the help of
the internet.
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| buyer and seller |
Features of E-Business
Some of the features of E-Business
areas following as:
· It is easy to start up
· There is no personal touch
· There are no geographical location
· Anybody can buy anything from anywhere at anytime
· lost-cost marketing strategies
· There are usually without breaking business hours
· E-business receive subsidies from the government
· Low investment than traditional business
· The buyer and seller don’t meet personally
· Delivery of products takes time
· A few security and integrity issues in E-business.
· The traditional business is a higher risk.
Types of E-Commerce
Now there are actually many
types of e-Businesses. It all depends on who the last consumer is. Some of the
types of E-business information density e-commerce are as follow as:
Business-to-Business (B2B)
Business to Business is taking
place between two organizations to come under it. Producers and traditional
business wholesalers typically operate with this type of electronic business.
Also, it greatly improves the efficiency of companies.
Business-to-Consumer (B2C)
Business-to-consumer, the transaction is the consumer can buying products directly from the
seller. Example:- People shopping from Flipkart, Amazon, Paytm, etc is a business
to a consumer transaction. In such a transaction the last consumer himself is
directly buying from the seller.
Consumer-to-Consumer (C2C)
This consists of online transactions of goods and services
between two customers. This is
part of the business model, whereby customers can trade with each other, typically,
in an online environment.
Consumer-to-Business (C2B)
In this part of eCommerce is a business model in which
consumers (individual personal) create value and businesses consume that value.
In this business model is a complete reversal of the traditional
the business model in which companies offer goods and to the consumer.
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Business-to-Administration (B2A)
in this part of eCommerce surround all online transactions
between companies and govt. administration .this is an area that involves
a large amount, variety of service, particularly in areas such as tax, social
security, employment, legal documents, and registers, etc.
Consumer-to-Administration (C2A)
in this part of eCommerce is a complete reversal of the
selling and buying process takes place. This is very relevant for our sourcing
projects.