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Reading Report – Business to Business Transactions

In: Computers and Technology

Submitted By paladinsblade
Words 1218
Pages 5
This report deals with business to business transaction models and various types systems that businesses implement to achieve efficiencies. It details how the increases in technology has made certain possibilities of business to business interactions that were impossible before, whether it was due to the lack of efficiency or lack of tools needed for such interactions to be possible. The internet has ushered in a whole new world of possibilities in business to business interactions. It is one of the major reasons why the expansion of business activities into the digital cyberspace have been an absolute necessity for an organization to be competitive in its market. What business to business transactions mean in the digital age is the interaction of commerce between two businesses electronically either through the internet, intranet, extranet or some other private network, which can also include VAN (value added network). The introduction and advancement of many web based technologies has given more companies the ability to have their influence felt in cyberspace. This includes communicating between other businesses and their customers and also made their transactions between the various parties much more efficient and simpler. It has gone as far as some business models incorporating business to business transactions in to their supply chain theories. This makes sense because the business to business transaction systems are quickly becoming a normality in the business market and not just a comparative advantage. In other words, it is quickly being a viability factor and not an advantage factor. In regards to the type of market that business to business commerce are used in, there are two types of markets. A vertical market transaction is one that involves other businesses that are involved in the same production process or the same type of industry as the business…...

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