Which of the following refers to the purchase or sale of goods and services over the internet?
|
The term commerce refers to the trading of goods and/or services. E-commerce is a modern-day invention that facilitates the trading of goods and/or services through electronic means, or more precisely, the internet. This article is an account of the various types of e-commerce businesses, each of which caters to different business models. Show
Learn how to start e-commerce business – https://www.indiafilings.com/learn/start-ecommerce-business/ The TypesThe following are the different types of e-commerce platforms:
Business-to-Business (B2B)A B2B model of business involves the conduct of trade between two or more businesses/companies. The channels of such trade generally include conventional wholesalers and producers who are dealing with retailers. Business-to-Consumer (B2C)Business-to-Consumer model of business deals with the retail aspects of e-commerce, i.e. the sale of goods and/or services to the end consumer through digital means. The facility, which has taken the business world by storm, enables the consumer to have a detailed look at their proposed procurements before placing an order. After the placement of such orders, the company/agent receiving the order will then deliver the same to the consumer in a convenient time-span. Some of the businesses operating in this channel include well-known players like Amazon, Flipkart, etc. This mode of purchase has proved to be beneficial to the consumers when compared to the traditional method, as they are endowed with access to helpful contents which may guide their purchases appropriately. Consumer-to-Consumer (C2C)This business model is leveraged by a consumer for selling used goods and/or services to other consumers through the digital medium. The transactions here are pursued through a platform provided by a third party, the likes of which include OLX, Quickr, etc. Consumer-to-Business (C2B)A C2B model is the exact reversal of a B2C model. While the latter is serviced to the consumer by a business, the C2B model provides the end consumers with an opportunity to sell their products/services to companies. The method is popular in crowdsourcing based projects, the nature of which typically includes logo designing, sale of royalty-free photographs/media/design elements, and so on and so forth. Note – the term ‘crowdsourcing’ was coined in the year 2005 as a sourcing model that facilities individuals/organizations to obtain goods/services from internet users. Business-to-Administration (B2A)This model enables online dealings between companies and public administration, i.e. the Government by enabling the exchange of information through central websites. It provides businesses with a platform to bid on government opportunities such as auctions, tenders, application submission, etc. The scope of this model is now enhanced, thanks to the investments made towards e-government. Consumer-to-Administration (C2A)The C2A platform is meant for consumers, who may use it for requesting information or posting feedbacks concerning public sectors directly to the government authorities/administration. Its areas of applicability include:
Why E-Commerce?Here are a few important benefits, among a host of others, of this revolutionary model of business:
Other Related GuidesHow to Start an Ecommerce Business How to Start an Ecommerce Business Ecommerce businesses are booming in India - thanks to the growing internet and smartphone penetration in India. S...Post by Sreeram ViswanathIndiaFilings is India's largest online compliance services platform dedicated to helping people start and grow their business, at an affordable cost. We were started in 2014 with the mission of making it easier for Entrepreneurs to start their business. We have since helped start and operate tens of thousands of businesses by offering a range of business services. Our aim is to help the entrepreneur on the legal and regulatory requirements, and be a partner throughout the business lifecycle, offering support at every stage to ensure the business remains compliant and continually growing. What refers to the purchase or sale of goods and services over the internet?At its core, electronic commerce or e-commerce is simply the buying and selling of goods and services using the internet, when shopping online. However, the term is often used to describe all of a seller's efforts, when selling products directly to consumers.
Which of the following refers to the purchase or sale of goods and services?Today, commerce commonly refers to the large-scale purchases and sales of goods and services.
Which of the following refers to the buying and selling of goods or services using the internet and the transfer of money and data to execute these transactions?E-commerce (electronic commerce) is the buying and selling of goods and services, or the transmitting of funds or data, over an electronic network, primarily the internet. These business transactions occur either as business-to-business (B2B), business-to-consumer (B2C), consumer-to-consumer or consumer-to-business.
Which of the following refers to the action of buying selling and exchanging goods and services?Trade is the art of buying and selling goods and services. It helps people to make money. It can be done within a country as well as with other countries of the world.
|
