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Definition of Electronic Commerce (Ec)

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Definition of Electronic commerce (EC)
The process of buying, exchanging products, selling, services, or information via computer networks.
Analyze the various types of EC activities
Business-to-Business (B2B)
An interaction between the business people and other organizations is known as Business-to-Business (B2B). For example www.walmart.com and www.Sams club.com
Business-to-consumer (B2C)
Business selling to individual shoppers is known as Business-to-consumer (B2C). For example www.Barnes&Nobles.com.
E-tailing
Online shopping having access to products of interest for the consumers, by visiting their website directly is called E-tailing. For example Amazon, e-Bay.
Business-to-Business-to-consumer (B2B2C)
Business providing some product or service to a client business that maintains its own customers is known as (B2B2C).
Consumer-to-Business (C2B)
A consumer uses internet to sell products or services to organizations or individuals seeking sellers, to bid on products or services they need. For example e-Bay.
Business-to-employees (B2E)
Organization delivers services, information, or products to its individual employees. For example www.asics.com
Consumer-to-consumer (C2C)
Consumer sells the product directly to other consumer. For example www.craigslist.com
List of advantages and disadvantages of Electronic Commerce
Advantages
- 24/7 services for buying or selling products
- Readily available to customers
- Easy to manage a business
- Faster and user friendly buying/selling procedure
- Low operational costs and better quality of services
- No need of physical company set-ups for business
Disadvantages
- No guarantee of product quality
- Mechanical failures
- Minimum interactions between consumers to company
- Insecure transactions on the total processes
- Privacy issues
References
Turban, E.,&King,D.(2012). Electronic...

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