Shopping online has been gaining widespreadity since the unlucky emergent of the ‘Coronavirus’ or ‘Covid-19’ pandemic and the ensuing lockdown that is occurring worldwide. Owing to this, most people need to conduct their shopping or business on-line using their computers or smartphones with Internet connection from where they are. Thanktotally, this has been made doable by two common networks known as E-Commerce and E-Business.
Most individuals are of the opinion that these phrases imply the same. In truth, they aren’t, however are carefully related to one another.
Definition of E-Commerce
The term E-Commerce, is an acronym referring to «Digital ‘Commerce» and it’s the process of selling and buying of products via an online store. Unlike a «brick and mortar» store, there is no nose to nose interfacing between the seller and the customer to ensure that the transaction to take place.
Some E-Commerce models are as follows:
1. Enterprise to Business (B2B)
This refers to any type of electronic transactions of products or companies that take place between companies.
2. Business to Consumer (B2C)
This refers to any type of electronic 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 easily conducted. With the setting up of many on-line stores, B2C has increased very significantly over the past couple of months because of the lockdown. You can now easily discover just about any type of on-line store and in any area of interest you want over the Internet. They sell all kinds of physical products equivalent to books, gadgets, clothes, tools, accessories, etc. and digital products corresponding to e-Books, information, on-line programs, etc.
Many people are moving toward online shopping more than the physical one because it’s more convenient, and the costs are normally cheaper too, even with shipping cost. One other plus point is most online stores will also supply free shipping for purchases exceeding a certain amount.
3. Consumer to Consumer (C2C)
This refers to any digital transaction of products or companies between one customer and one other customer. Usually, this can take place with the help of a third-party, as an illustration, Amazon, eBay or Etsy as a marketplace for online selling and buying.
4. Consumer to Enterprise (C2B)
Consumer to enterprise is a type of business model where the shopper or consumer creates a product or provides a service that a business or company uses to enrich its business set-up, to enhance its enterprise image or to achieve advantages over its competitors.
As an illustration, websites such as Fiverr, Upwork, etc. where their freelancers supply their companies like website or emblem creations, and any business can use their providers if they want.
5. Enterprise to Administration (B2A)
This refers to any type of transactions which might be performed between enterprise and authorities by means of the Internet. It includes many alternative types of companies, resembling 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 instance, taxes, education, health, social security, etc.
Definition of E-Business
The term E-Business is an acronym referring to «Electronic Business,» and its business is carried out with the use of the Internet, Extranet, Intranet and website. In this sense, E-Business is a bit much like E-Commerce, however it’s more than just selling and shopping for products or companies online.
Essentially, E-Enterprise encompasses a wider range of business processes, comparable to electronic ordering and processing, buyer relationship administration, provide chain management, etc. Typically, E-Commerce might be construed as a part of E-Business.
There are two types of E-Business 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 in order to gain a larger market share.
2. Bricks and clicks
It’s a business model adopted by merchants which have physical stores and run their business in both online and offline ways. In other words, the merchants provide their clients each and offline and an internet channel to shop.
How is E-Commerce Completely different from E-Enterprise?
The process of selling and buying products over the Internet is simply called E-Commerce. Nonetheless, E-Business shouldn’t be confined to just the selling and buying process. Any enterprise that is performed over the Internet is considered as E-Business. For instance, the information and communication technologies used in upgrading one’s business. Basically, E-Commerce turns into a part of E-Business.
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