Ecommerce, also
known as electronic commerce or internet commerce, refers to the buying and
selling of goods or services using the internet, and the transfer of money and
data to execute these transactions. Ecommerce is often used to refer to the
sale of physical products online, but it can also describe any kind of
commercial transaction that is facilitated through the internet.
What is E-Business?
E-Business
isn’t limited to just buying and selling activities. All the business activities
that conducted via the internet will be considered as E-Businesses. For
example, the information and computing technologies used to enhance one’s
business.
Difference between E-Commerce and E-business
Comparison Chart
|
Basis |
E-Commerce |
E-Business |
|
Function |
people make transactions by buying and selling of goods and
services on the internet |
The business is done on the internet |
|
Types |
Includes b2b, b2c, c2c and c2b |
Pure-play and brick and click |
|
Requirement |
Requires the use of website for representing the business |
Involves relationship building with customers, suppliers and
distributors through CRM, Website. |
|
Transaction |
Limited monetary transactions |
Unlimited monetary transactions |
Types of E-Commerce
E-Commerce has
following types
·
B2B (Business to Business)
·
B2C(Business to Consumer)
·
C2C(Consumer to Consumer)
·
C2B(Consumer to Business)
·
B2B(Business To
Business E-Commerce)
Business-to-business
(B2B) e-commerce refers to the electronic exchange of products, services
or information between businesses rather than between businesses and consumers.
Examples include online directories and product and supply exchange websites
that allow businesses to search for products, services and information and to
initiate transactions through e-procurement interfaces.
·
B2C(Business To
Consumer E-Commerce)
Business-to-consumer
(B2C) is the retail part of e-commerce on the internet. It is when
businesses sell products, services or information directly to consumers. The
term was popular during the dot-com boom of the
late 1990s, when online retailers and sellers of goods were a novelty.
·
C2C(Consumer to
Consumer E-Commerce)
Consumer-to-consumer
(C2C) is a type of e-commerce in which consumer’s trade products, services
and information with each other online. These transactions are generally
conducted through a third party that provides an online platform on which the
transactions are carried out.
·
C2B(Consumer to
Business E-Commerce)
Consumer-to-business
(C2B) is a type of e-commerce in which consumers make their products and
services available online for companies to bid on and purchase. This is the
opposite of the traditional commerce model of B2C.
A popular
example of a C2B platform is a market that sells royalty-free photographs,
images, media and design elements, such as iStock. Another example would be a
job board.