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Importance of e commerce in business
The importance of e business
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Business to Consumer (B2C): the most common type of e-commerce is Business to consumer . When the business is a trader, and the consumer is the client this form is used. The business to sell items through its Web site is the most common set up for this type of e-commerce. Usually, these businesses offer a list and an online shopping cart, and the business is able to accept expense through its Web site. The creation is shipped to them directly, or the consumer then has direct access to the service online. Business to Consumer refers to export and promotion export of services goods and goods via the web. where the sales are made generally to the consumers in its place of other businesses this is a business. There are no enormous reserves required for beginning a business is the advantage of this type of e commerce models . Which they are introduced to the customers this is because the different types of e commerce application have seen far more developments of the model based online stores using. can be made use of to develop character sites along with graphics and logos for the retailer to enhance their business is the latest application technology of the internet. Without the requirement of any other hardware or software, the only accuse they will have to pay is their monthly rentals. the consumers can enjoy are that the shopping done over the internet can be quicker and easier with a number of deals accessible by the retailers that some of the other advantages . B2C E-Commerce type are promotion to un-trusted stranger and extra effort to get customer and payment information this is the disadvantages. Therefore it is a better solution to provide comparing to B2B However, B2C almost always involve a customer typing informat... ... middle of paper ... ...ese websites have is that personal items like watch ,shoes etc can be purchased and sold with ease which is not in case of other types of ecommerce is Another major plus point. Disadvantages of C2C sites There are a couple of disadvantages to these type of sites as well. on these type of websites requires co-operation between the buyer and seller Doing operation. It has been noted many times that these two do not co-operate with each other after a transaction has been made. may be via credit or bill card or internet banking They do not share the business information which. the buyer and seller are not very well versed with each other This can result in online deception since. This may also hamper the c2c website's standing.This can lead to lawsuit being imposed on either ends or also on the site if it has not mentioned the repudiation in its terms and setting.
This is because for example, if you buy a designer watch on an e-commerce site, you don’t know 100% if it’s original or not, which is why some customers don’t trust e-commerce sites. Also some customers have trust issues with e-commerce businesses because they think their personal details are not private. Customers also have issues when e-commerce sites personalise their usage of sites, by recommended other products, centred on what they purchased or searched for before.
both B2B and B2C is that it gives to both business models a more effective control over theri customer
I describe seven different and typical e-commerce business models like Portals, E-tailers, Content Providers, Transaction brokers,
In two distinct e-commerce business types, Business-to-business (B2B) and Business-to-Consumer (B2C), there are many differences in the way they operate. Specifically in marketing, differences include how the marketing is driven and the values of the strategies, the size of the target market and length of the sales cycle, and even the buying patterns of the target consumers. Each of these differences will be better defined and explained in the following paragraphs.
Second, B2B Customers finds it more comfortable in purchasing and collaborating through remotely, they use the web to search for the product information and communicate with sellers through E-mail, social media, telephonically.
2.The category that the company falls into is both Business-to-Business and also Business-to-Consumer in actual stores, but online the category that company would fall under would mainly be Business to Consumer. By using e-commerce,
An experimental, decentralized digital currency that enables instant payment to anyone anywhere in the world. Bitcoin uses peer-to-peer technology to facilitate instant payments with no central authority; managing transactions and issuing money are carried out collectively by the network. Bitcoin is a type of alternative currency known as a crypto currency (digital medium of exchange), which uses cryptography for security, making it difficult to counterfeit.
One of the primary initiatives for each B2B Marketer is to generate, nurture, and convert leads. And in order to increase the probability of growth, Marketing Automation Platforms empower Marketers to track visitors, automate campaigns, and synchronize activities across a variety of applications. The DMN3 team of Marketing Strategists successfully implemented an online marketing campaign for a B2B organization and the focus of this article is to review the technologies used to optimize conversions.
The main advantage of online shopping is convenient. Online shops open 24/7. People who live in remote areas do not need to speed long time on the traveling to the stores. Consumers who come from other cities/countries can easily buy the native and specialty goods by just a click instead of going to that cities/countries themselves. The relevant information of products can be received from any location in seconds. Study showed that 72% of online shoppers preferred surf online than go to retail store to attain information about a product (Lokken et al., 2003). Online shopping also has greater price information (as cited...
For instance they can purchase anything at any point of time without going out to any physical store; they can compare the prices of the product from different websites and can purchase from the site where they are getting cheaper; it also saves time; customers can also avoid pressure when having a face to face interaction with the salesperson etc. We can summarize these factors into 4 categories:
Electronic Commerce as popularly as E-commerce has become a big deal in our growing economy due to the increase use of online systems. E-commerce now of the fastest growing business in the world. The technology has change the way of business. Business that have physical location have now made it an effort to focus their online business. It is the new sort of business platform where you can make use of different technologies like electronic data interchange or transfer document electronically. Online business is an effective of sales.
E-commerce or electronic commerce is carrying out business communications and transactions through computers and over networks. It involves buying and selling of goods and services through digital communication. E-commerce also includes transactions on the World Wide Web and the Internet and means such as electronic funds transfer, smart cards and digital cash. E-commerce covers outward facing processes that interact with customers, suppliers and external partners such as sales, marketing, delivery, customer service, purchasing of raw materials and supplies for production.
The are two basic categories of business conducted over the internet, Business-to-Customer (B2C) and Business-to-Business (B2B), and they share one common key aspect - use of Internet technologies to manage all aspects of the business.
E- Commerce is a phenomena that is emerging rapidly between businesses all over the world, and it has affected the businesses at all sizes in many aspects.