Shopping online has been gaining standardity because the unlucky emergent of the ‘Coronavirus’ or ‘Covid-19’ pandemic and the ensuing lockdown that is occurring worldwide. Owing to this, most individuals should conduct their shopping or business online using their computers or smartphones with Internet connection from where they are. Thankfully, this has been made attainable by popular networks known as E-Commerce and E-Business.
Most people are of the opinion that these terms mean the same. In reality, they don’t seem to be, however are closely associated to 1 another.
Definition of E-Commerce
The term E-Commerce, is an acronym referring to “Digital ‘Commerce” and it’s the process of selling and buying of products by means 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 providers that take place between two companies.
2. Enterprise to Consumer (B2C)
This refers to any type of electronic transactions of products or providers 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 mostly more dynamic and simply conducted. With the setting up of many online stores, B2C has elevated very significantly during the last couple of months as a result of lockdown. You can now easily discover just about any type of on-line store and in any area of interest you need over the Internet. They sell all kinds of physical products such as books, gadgets, garments, instruments, accessories, etc. and digital products equivalent to e-Books, information, online courses, etc.
Many people are moving toward on-line shopping more than the physical one because it’s more handy, and the costs are usually cheaper too, even with shipping cost. Another plus level is most online stores will also offer free shipping for purchases exceeding a sure amount.
3. Consumer to Consumer (C2C)
This refers to any electronic transaction of products or services between one customer and another customer. Usually, this can take place with the assistance of a third-party, for example, Amazon, eBay or Etsy as a marketplace for online selling and buying.
4. Consumer to Enterprise (C2B)
Consumer to enterprise is a type of enterprise model the place the customer or consumer creates a product or provides a service that a enterprise or firm uses to complement its business set-up, to reinforce its business image or to achieve advantages over its competitors.
As an example, websites corresponding to Fiverr, Upwork, etc. the place their freelancers offer their providers 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 which might be conducted between business and government by the Internet. It consists of many various types of companies, equivalent to fiscal, social security, employments, legal documents, 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, education, health, social security, etc.
Definition of E-Enterprise
The time period E-Business is an acronym referring to “Electronic Enterprise,” and its business is carried out with the usage of the Internet, Extranet, Intranet and website. In this sense, E-Enterprise is a bit just like E-Commerce, but it’s more than just selling and shopping for products or services online.
Essentially, E-Enterprise encompasses a wider range of business processes, similar to digital ordering and processing, buyer relationship management, supply chain administration, etc. Typically, E-Commerce could be construed as a part of E-Business.
There are types of E-Business models:
1. Pure play
This refers to a company that only operates over the Internet and provides only one particular type of product or service so as to achieve a larger market share.
2. Bricks and clicks
It’s a enterprise model adopted by merchants that have physical shops and run their enterprise in each online and offline ways. In other words, the merchants provide their customers each and offline and a web based channel to shop.
How is E-Commerce Completely different from E-Enterprise?
The process of selling and shopping for products over the Internet is solely called E-Commerce. Nonetheless, E-Business shouldn’t be confined to just the selling and buying process. Any business that’s performed 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 turns into a part of E-Business.
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