E-commerce means buying and selling of goods or services on electronic platform. it is classified in various types of business like B2B, B2C, C2B andC2C.
B2B (business to business) it is the exchange of products and services or information between business to business, it can be one or more than one businesses. Basically this model focus on Selling of products or services to other companies. Like: GEIS, IndiaMart etc.
In Business application of B2B e-commerce can be utilized to facilitate almost all facts of the interactions and having good relation among organizations, such as inventory management, order fulfillment, service satisfaction and delivery, and Management of payment. In electronic commerce B2B can be :
# Supplier-Centric: A supplier set up the electronic market platform for various businesses buyers to interact with the them at its electronic market place. Example, Cisco Connection Online(CCO).
# Buyer-Centric :the major business portion with high volume purchase capacity of business create in an electronic market place. this is used for placing requests of quotations (RFQs) and proceed entire purchase process on online by buyers. Example, General Electric’s Trading Process Network.
B2C (business to consumer) it is the exchange of goods and services or information between business to customer. The business transactions directly conduct with consumer . Example: Mustafa, FabMart , IndiaTimes.com, Amazon, Snapdeal etc.
The entities interact with two or more than two type of transactions involve between a business and a customer. Set of merchandise are offered in this type of business at given prices, discounts and shipping and delivery options. The B2C model of E-Commerce is ideally suited for the following Goods that can be easily transformed into the digital format such as books, music clips and videos, software packages.
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