Nowadays, many processes in businesses are being modernized through technology. We hope to discuss how to apply the e-commerce concept to the Goods and Services division of Customer. Web-based business innovation is a growing field that can incorporate all parts of the internet-based scene.
New online business advancements are being created in light of the market. Interest to deal with transformation measurements, plan, improvement, security, reliability program the board, and webpage framework.
E-commerce is powered by the internet, where customers can access an online store to browse through, and place orders for products or services via their own devices. 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.
Ecommerce is used in various business fields; the major categories of ecommerce are:
👉 Business-to-Business (B2B)
👉 Business-to-Consumer (B2C)
👉 Consumer-to-Consumer (C2C)
👉 Consumer-to-Business (C2B)
👉 Business-to-Administration (B2A)
👉 Consumer-to-Administration (C2A)
According to another definition, ecommerce refers to the sharing of business information, maintenance of business relationships and conducting business transactions with the help of computers that are connected to a telecommunication network, and without the use of paper documents.We can classify Ecommerce by application into:
- Electronic markets – here the buyer is presented a range of products and services available in a market so that they can compare prices and make the purchase
- Electronic Data Interchange – this is a standardized system where computers communicate with one another without printed documents like order forms or invoices; it eliminates delays and errors otherwise seen when paper handling is involved
- Internet Commerce – the one we are most familiar with; the medium used to advertise, and sell innumerable products and services; the purchased goods are then shipped to the buyer.
Market advancements utilizing these internet business innovations are creating a reliable premise.
Organizations are all around encouraged to research how to fuse these methods into their web based advertising plan.Along with physical retail, e-commerce is transforming supply chain management practices among businesses, as distribution channels become increasingly digitized.