E Commerce working made easy
The working of e commerce can be explained without much difficulty. E commerce is nothing but the exchange of goods and / or services electronically.
When you buy remote controlled cars from any online store such as eBay, Amazon.com, you automatically participate in e commerce. You also participate in e commerce by downloading music from sites like Napster or iTunes. To initiate the understanding of e commerce let's take a look at its various types.
B2B: The oldest form of e commerce is B2B or business-to-business e commerce. In the 1960s, information and files were being shared and transferred electronically by banks and other businesses. However, there wasn't one standard way of conducting this business, as a result of which many businesses could not successfully transfer between each other. This limited the sharing of files and information between businesses. B2B e commerce really came into being, when a steadfast standard was set up in the 80s. All were following a uniform technique, which facilitated an easy exchange of files.
C2C: Consumer-to-consumer, or C2C e commerce is popular today. If you've ever purchased something online from another person, rather than a business, either through an ad posting on a electronic bulletin board or an online auction, you've participated in consumer-to-consumer e commerce. Consumer-to-consumer e commerce is characterized by online auctions, the most popular auction site being eBay where all users are free to put their goods online and sell to the highest bidder.
P2P: P2P or peer-to-peer e commerce was initiated by Napster which enabled users to share files free of cost. Today you can find many similar websites and file-sharing programs and systems online.
B2C: The explanation of the working of e commerce will be incomplete without mentioning the huge amount of e commerce that takes places from business-to-consumer. E commerce is when anyone purchases anything at an online store or website, be it a download of an electronic form or an item that is shipped to the buyer. It is necessary to keep the following things in mind to explain how e commerce works.
You know you have engaged in e commerce when you do any one or more of the following: Exchange information online, Exchange money online, Exchange goods or services online. The concepts used to explain how e commerce works in your favor are straightforward. For instance, various online bookstores will facilitate easy comparison of prices and thus help you arrive at the lowest one if you wish to purchase a book. By comparing the different stores in terms of their shipping costs and travel times, you can select a store which ships you the book at the earliest for the lowest price.
You do not have to stand in line, fight crowds, or spend any money for transportation or gas rc carsfor doing this. Among the various advantages that e commerce offers you is the ability to compare alternatives for both small and large items and then pick the one that suits you best. Though we can go on to actually cover the various advantages of e commerce, you will experience them personally when you actually purchase an item using this method.
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Working of E Commerce explained in simple words
