E-commerce involves buying and selling goods over the internet. There are three main types: business-to-business (B2B), business-to-consumer (B2C), and consumer-to-consumer (C2C). B2B involves businesses selling to other businesses, like Dell selling computers to companies. B2C involves direct sales from companies to consumers, like purchases on Amazon. C2C allows person-to-person transactions, like auctions on eBay. The document also lists pros and cons of e-commerce such as reduced costs but inability to examine products personally.
6. BUSINESS-TO-BUSINESS (B2B)
B2B stands for Business to Business.
E.g.:-Dell sells computers and other associated accessories online to
both – customers and large scale businesses.
7. BUSINESS-TO-CONSUMER (B2C):
B2C is the direct trade between the company and
the consumers.
E.g. – Amazon – an online market dealing with
millions of customers on a global level.
8. AMAZING FACTS ABOUT AMAZON:
Amazon.com is well-known for its
Kindle, lightning fast shipping, and
selling virtually anything online!
8
9. CONSUMER-TO-CONSUMER (C2C)
C2C – stands for Consumer to Consumer
eBay's auction service is a great example of where person-
to-person transactions take place everyday since 1995.
15. Unable to examine products personally
Not everyone is connected to the Internet
There is the possibility of credit card number
theft
Products People
On average only 1/9th of stock is available on
the net