Shopping on the web continues to be gaining recognition because the unfortunate emergent from the ‘Coronavirus’ or ‘Covid-19’ pandemic and also the ensuing lockdown that’s happening worldwide. Because of this, almost everyone has to conduct their shopping or online businesses utilizing their computers or smartphones with Web connection where they’re. Thankfully, this has been created possible by two popular systems referred to as E-Commerce and E-Business.
Many people are of the perception these two terms mean exactly the same. Actually, they aren’t, but they are carefully associated with each other.
Meaning of E-Commerce
The word E-Commerce, is short for talking about “Electronic ‘Commerce” and it is the entire process of buying and selling of merchandise with an online shop. Unlike a “physical” store, there’s no in person interfacing between your seller and also the buyer to ensure that the transaction to occur.
Some E-Commerce models are listed below:
- B2b (Business to business)
This describes any kind of electronic transactions of services or products that occur between two companies.
- Business to Consumer (B2C)
This describes any kind of electronic transactions of services or products that occur between your seller and also the customer. Undoubtedly, this is a type of kind of E-Commerce.
This kind of E-Commerce is usually more dynamic and simply conducted. Using the establishing of numerous online retailers, B2C has elevated very considerably during the last handful of several weeks because of the lockdown. Now you can locate fairly easily almost any kind of online shop as well as in any niche you would like on the internet. They offer all sorts of physical products for example books, gadgets, clothes, tools, accessories, etc. and e-books for example e-Books, information, web based classes, etc.
So many people are on your journey to shopping online greater than the physical one since it is easier, and also the costs are usually cheaper too, despite shipping cost. Another positive point is most online retailers may also offer free delivery for purchases exceeding a specific amount.
- Consumer to Consumer (C2C)
This describes any electronic transaction of services or products between one customer and the other customer. Generally, this could occur with the aid of another-party, for example, Amazon . com, eBay or Etsy like a industry for online buying and selling.
- Consumer to Business (C2B)
Consumer to business is a kind of business design in which the customer or user results in a product or supplies a service that the business or company uses to enhance its business set-up, to boost its business image in order to gain advantages over its competitors.
For example, websites for example Fiverr, Upwork, etc. where their freelancers offer their professional services like website or emblem creations, and then any business may use their professional services when they want.
- Business to Administration (B2A)
This describes any kind of transactions which are conducted between business and government online. It offers various sorts of services, for example fiscal, social security, employments, legal documents, etc.
- Consumer to Administration (C2A)
This describes any kind of transactions that occur between your consumer and also the government. For instance, taxes, education, health, social security, etc.
Meaning of E-Business
The word E-Business is short for talking about “Electronic Business,” and it is clients are conducted by using the web, Extranet, Intranet and website. Within this sense, E-Business is much like E-Commerce, but it is not only buying and selling services or products online.