Shopping on-line has been gaining widespreadity for the reason that unlucky emergent of the ‘Coronavirus’ or ‘Covid-19’ pandemic and the following lockdown that’s taking place worldwide. Owing to this, most individuals must conduct their shopping or business on-line utilizing their computer systems or smartphones with Internet connection from the place they are. Thankabsolutely, this has been made potential by standard networks known as E-Commerce and E-Business.
Most individuals are of the opinion that these terms imply the same. In fact, they are not, however are intently associated to 1 another.
Definition of E-Commerce
The time period E-Commerce, is an acronym referring to «Digital ‘Commerce» and it’s the process of selling and buying of products by means of an internet store. Unlike a «brick and mortar» store, there isn’t a head to head interfacing between the seller and the buyer to ensure that 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 companies that take place between companies.
2. Enterprise to Consumer (B2C)
This refers to any type of digital transactions of products or services that take place between the seller and the customer. By far, this is a quite common type of E-Commerce.
This type of E-Commerce is usually more dynamic and simply conducted. With the setting up of many online stores, B2C has increased very significantly over the past couple of months due to the lockdown. You can now simply discover just about any type of on-line store and in any niche you need over the Internet. They sell all kinds of physical products comparable to books, gadgets, clothes, tools, accessories, etc. and digital products akin to e-Books, information, on-line programs, etc.
Many people are moving toward on-line shopping more than the physical one because it’s more convenient, and the prices are normally cheaper too, even with shipping cost. One other plus level is most online stores will additionally supply 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 customer and one other customer. Typically, this can take place with the assistance of a third-party, for instance, Amazon, eBay or Etsy as a marketplace for online selling and buying.
4. Consumer to Business (C2B)
Consumer to enterprise is a type of business model where the client or user creates a product or provides a service that a enterprise or company makes use of to enrich its enterprise set-up, to enhance its enterprise image or to gain advantages over its competitors.
As an example, websites equivalent to Fiverr, Upwork, etc. where their freelancers provide their services like website or emblem creations, and any enterprise can use their services if they want.
5. Enterprise to Administration (B2A)
This refers to any type of transactions that are conducted between business and authorities by the Internet. It contains many various types of providers, comparable to 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 example, taxes, schooling, health, social security, etc.
Definition of E-Business
The term E-Business is an acronym referring to «Digital Enterprise,» and its enterprise is conducted with the usage of the Internet, Extranet, Intranet and website. In this sense, E-Business is a bit similar to E-Commerce, however it’s more than just selling and shopping for products or providers online.
Essentially, E-Enterprise encompasses a wider range of enterprise processes, akin to electronic ordering and processing, buyer relationship administration, supply chain administration, etc. Typically, E-Commerce might be construed as a part of E-Business.
There are two types of E-Enterprise models:
1. Pure play
This refers to an organization that only operates over the Internet and presents only one particular type of product or service so as to achieve a bigger market share.
2. Bricks and clicks
It is a enterprise model adopted by merchants which have physical retail outlets and run their business in both online and offline ways. In other words, the merchants provide their clients each and offline and a web based channel to shop.
How is E-Commerce Totally different from E-Enterprise?
The process of selling and shopping for products over the Internet is just called E-Commerce. Nevertheless, E-Business is just not confined to just the selling and buying process. Any enterprise that’s performed over the Internet is considered as E-Business. For instance, the information and communication applied sciences used in upgrading one’s business. Basically, E-Commerce turns into a part of E-Business.
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