IEO Level 2- English Olympiad (SOF) Class 9 Coaching Programs
⏳ 🎯 Online Tests (2 Tests [50 Questions Each]): NTA Pattern, Analytics & Explanations
Click Here to View & Get Complete Material
Rs. 200.00
3 Year Validity (Multiple Devices)
🎓 Study Material (303 Notes): 2024-2025 Syllabus
Click Here to View & Get Complete Material
Rs. 450.00
3 Year Validity (Multiple Devices)
🎯 250 MCQs (& PYQs) with Full Explanations (2024-2025 Exam)
Click Here to View & Get Complete Material
Rs. 200.00
3 Year Validity (Multiple Devices)
The Types and Advantages of E-Commerce: B2B, B2C, C2B and C2C
Types of E-Commerce
B2B (Business – to -Consumer)
Companies doing business with each other such as manufacturers selling to distributors and wholesalers selling to retailers.
B2C (Business-To-Consumer)
Business selling to the general public typically through catalogs utilizing cart software.
C2B (Consumer to Business)
- Consumer posts his project with online and within hours companies review the consumer՚s requirements and bid on the project.
- C2B empowers consumers around the world by providing the meeting ground and platform for such transaction.
C2C (Consumer to Consumer)
- There are many sites offering free classifieds, auctions, and forums.
- Individuals can buy and sell things to online payment systems like pay bill.
- The eBay՚s auction service is a great example of where person-to-person transactions take place every day since 1995.
Other Categories of E-Commerce Are
- G2G (Government-to-Government)
- G2E (Government-to-Employee)
- G2B (Government-to-Business)
- B2G (Business-to-Government)
- G2C (Government-to-Citizen)
- C2G (Citizen-to-Government)
Advantages of E-Commerce
Wider Choice
- Help of computer networking system, business units can operate at the national as well as global level.
- Businessmen also get a wider market for their products and services.
Improved Customer Services
- Suppliers of goods and services can offer a wide range of services to the customers, before & after sales such as
- information about products,
- guidance for use,
- Responding to customers quarries about quality usefulness of the product, etc.
Quick Response to Customer Need
- In e-commerce business transaction takes far less time as compared to normal process of buying and selling.
- Producer cut short distribution channel and supply product and services directly to consumers.
Cost Saving and Price Reduction
- There is substantial cost saving in business transaction.
- There is no need to display goods in showrooms or keep large stock in go downs.
- In the business employees required is less.
- Cost of operation naturally comes down.
Market Information
- Access to market information available through the internet.
- It enables business concerns to identify varied customer needs and produce new goods and better services accordingly.