4 categories of e-commerce

E-commerce or electronic commerce are transactions or other terms of sale that are conducted electronically. This includes buying, selling, and exchanging goods or services for money over computer networks such as the Internet. Contrary to popular belief, e-commerce doesn’t just exist on the internet. In fact, e-commerce has existed since the 1970s via EDI (Electronic Data Interchange) via VANs (Value-Added Networks) and has performed well in business-to-business transactions. Ecommerce can be further broken down into four main categories B2B, B2C, C2B and C2C.

• B2B (Business to Business)

B2B definitely deals with companies doing business with each other. An example of this is manufacturers who sell their product to distributors and the wholesalers sell it to retailers. The pricing can therefore be based on the number of orders and is often available.

• B2C (Business to Consumer)

Business-to-consumer typically involves the sale of products and services to the general public or consumers through the use of catalogs using shopping cart software. B2B can easily make a lot of money; On the other hand, an average customer really thinks B2C when it comes to all e-commerce. With the help of e-commerce, you can easily buy many things at once without human interaction. An example of when you are struggling to find a book, when you need to purchase a high-end custom computer system, or when you need to find a premium all-inclusive trip to a tropical paradise island. So, e-commerce can help you buy all the products at once.

• C2B (Consumer-to-Business)

An example of C2B is when a consumer posts their projects or assignments on the internet and on a website. The consumer sets a budget online, where many companies review the requirements needed by the consumer in a matter of hours and then bid on the project. It empowers the customers across the world by providing the meeting place and platform for that particular transaction.

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• C2C (Consumer-to-Consumer)

A very good example of C2C is eBay. This is where consumers sell their products to other consumers by bidding. Thus, whoever places the highest bid can buy the product. Another example is websites that offer free classifieds, auctions, and forums where consumers can buy and sell products to other consumers. They use PayPal as an online payment system tool that allows them to conveniently send and receive money online.

There is another form of e-commerce, which is B2E or business-to-employee e-commerce. Here, companies use internal networks to offer their employees products and services online. It doesn’t necessarily have to be online on the web.

The other forms of e-commerce are G2G (Government-to-Government), G2E (Government-to-Employee), G2B (Government-to-Business), B2G (Business-to-Government), G2C (Government-to- citizens). , C2G (citizen-to-government). These transactions mainly involve government, from procurement and tax filing to business registration and license renewal. There are many other categories, but then they are rather superfluous.

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