Explain the model of E-commerce

1.	Explain the model of E-commerce
Answer» The model of E-commerce: (i) B2B Commerce: The transactions taking place between business firms are referred to as business to business or B2B transaction. For example, an automobile manufacturer (like Maruti Udyog) makes several B2B transactions, such as buying tyres, glass for windscreens, door handles, etc. (ii) B2C Commerce: The transaction taking place between business and customers are known as Business-to-customer or B2C transaction. For Example - ECommerce facilitates and speeds up the entire B2C process. (iii) C2C Commerce: The transaction taking place between two or more customers are known as C2C Commerce. For example, sale of used books and household equipments on cash or barter basis. Consumers are no longer totally reliant on corporation. They are conducting their own business transactions and internet allows them to globally search for potential buyers.

Answer»

The model of E-commerce:

(i) B2B Commerce: The transactions taking place between business firms are referred to as business to business or B2B transaction.

For example, an automobile manufacturer (like Maruti Udyog) makes several B2B transactions, such as buying tyres, glass for windscreens, door handles, etc.

(ii) B2C Commerce: The transaction taking place between business and customers are known as Business-to-customer or B2C transaction.

For Example - ECommerce facilitates and speeds up the entire B2C process.

(iii) C2C Commerce: The transaction taking place between two or more customers are known as C2C Commerce.

For example, sale of used books and household equipments on cash or barter basis.

Consumers are no longer totally reliant on corporation. They are conducting their own business transactions and internet allows them to globally search for potential buyers.

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