Shopping on-line has been gaining well-likedity for the reason that unfortunate emergent of the ‘Coronavirus’ or ‘Covid-19’ pandemic and the ensuing lockdown that’s occurring worldwide. Owing to this, most individuals should conduct their shopping or business online using their computers or smartphones with Internet connection from the place they are. Thankfully, this has been made possible by two in style networks known as E-Commerce and E-Business.
Most individuals are of the opinion that these two phrases imply the same. In truth, they don’t seem to be, however are closely associated to one another.
Definition of E-Commerce
The time period E-Commerce, is an acronym referring to “Electronic ‘Commerce” and it’s the process of selling and buying of products by way of a web-based store. Unlike a “brick and mortar” store, there isn’t a nose to nose interfacing between the seller and the buyer in order for the transaction to take place.
Some E-Commerce models are as follows:
1. Business to Enterprise (B2B)
This refers to any type of electronic transactions of products or companies that take place between companies.
2. Enterprise to Consumer (B2C)
This refers to any type of digital transactions of products or companies 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 generally more dynamic and simply conducted. With the setting up of many online stores, B2C has increased very significantly during the last couple of months due to the lockdown. You can now simply find just about any type of on-line store and in any niche you need over the Internet. They sell all kinds of physical products comparable to books, gadgets, garments, tools, accessories, etc. and digital products such as e-Books, information, online programs, etc.
Many individuals are moving toward on-line shopping more than the physical one because it’s more handy, and the prices are normally cheaper too, even with shipping cost. Another plus point is most on-line stores will additionally provide free shipping for purchases exceeding a certain amount.
3. Consumer to Consumer (C2C)
This refers to any electronic transaction of products or providers between one buyer and another customer. Usually, this can take place with the help of a third-party, for instance, Amazon, eBay or Etsy as a marketplace for on-line selling and buying.
4. Consumer to Business (C2B)
Consumer to enterprise is a type of enterprise model where the client or person creates a product or provides a service that a business or firm makes use of to enhance its business set-up, to reinforce its business image or to gain advantages over its competitors.
As an illustration, websites comparable to Fiverr, Upwork, etc. the place their freelancers provide their companies like website or logo creations, and any business can use their companies if they want.
5. Business to Administration (B2A)
This refers to any type of transactions that are carried out between enterprise and authorities by the Internet. It consists of many alternative types of providers, such as fiscal, social security, employments, authorized paperwork, etc.
6. Consumer to Administration (C2A)
This refers to any type of transactions that take place between the consumer and the government. For example, taxes, schooling, health, social security, etc.
Definition of E-Enterprise
The term E-Business is an acronym referring to “Electronic Enterprise,” and its business is conducted with the usage of the Internet, Extranet, Intranet and website. In this sense, E-Enterprise is a bit much like E-Commerce, but it’s more than just selling and shopping for products or providers online.
Essentially, E-Enterprise encompasses a wider range of business processes, corresponding to digital ordering and processing, buyer relationship management, provide chain administration, etc. Typically, E-Commerce may be construed as a part of E-Business.
There are two types of E-Enterprise models:
1. Pure play
This refers to a company that only operates over the Internet and gives only one particular type of product or service so as to realize a larger market share.
2. Bricks and clicks
It’s a enterprise model adopted by merchants that have physical shops and run their business in both on-line and offline ways. In different words, the merchants provide their clients both and offline and a web based channel to shop.
How is E-Commerce Different from E-Enterprise?
The process of selling and buying products over the Internet is just called E-Commerce. Nonetheless, E-Business shouldn’t be confined to just the selling and shopping for process. Any business that is conducted over the Internet is considered as E-Business. For example, the information and communication applied sciences utilized in upgrading one’s business. Basically, E-Commerce becomes a part of E-Business.
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