Some pointers that help understand the working of E commerce

Some pointers that help understand the working of E commerce

Some pointers that help understand the working of E commerceIt is quite easy to explain how e commerce works. E commerce is simply the exchange of goods and/or services electronically.

If you have bought something from eBay, Amazon.com or any online store, then you have participated in e commerce. If you are among those who download music from sites like Napster or iTunes, then you too have performed e commerce. To begin with, let's take a look at the different types of e commerce to help you understand it better.

B2B: The oldest form of e commerce is B2B or business-to-business e commerce. Back in the 1960s, banks and other businesses began sharing and transferring files and information electronically. Not all businesses were successful in transferring with each other in the absence of a single standard for conducting this business. Thus the scope of sharing files and information was limited. The 80s was when B2B e commerce really took off with the setting up of a reliable standard which made it possible for all to use the same method and hence exchange files much more easily.

C2C: Consumer-to-consumer or C2C has gained popularity with the masses and is widely used by many today. If you see an ad posting on an electronic board or an online auction and you purchase something online by responding to it then you have participated in consumer to consumer e commerce, the only condition being that you purchase from a person rather than a business. Online auctions are the most popular form of consumer-to-consumer e commerce till date eBay is a massive auction site which allows anyone to put their goods online for sale 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: Business-to-consumer forms a major portion of overall e commerce transactions and hence it must be necessarily mentioned while explaining the working of e commerce. When anyone purchases anything, whether it's a download of something electronic or any item that must be shipped to the buyer, at an online store or website, that's e commerce. Keep in mind the following pointers for effective explanation of how e commerce works.

E commerce comprises of one or more of the following, all of which are transactions that are conducted online: Information exchange or Money transfers or Goods/Services exchange. Simple concepts can be used to explain how e commerce works in your favor. If you want to purchase a book, for instance, you can find several online bookstores and compare the prices of that book to find the lowest one. Your search for a store which ships the book to you at the lowest cost and the earliest time will be made easy by comparing the various stores on the basis of their shipping costs and shipping time.

You can cut the effort of standing in queues, fighting crowds and save the money spent on transportation or gas by doing this. Perceiving the advantages of e commerce is simple, when you take into account the fact that you can comparison shop so easily, for small and large items. There is no doubt that we can explain the benefits of e commerce, but you will see its advantages yourself once you have actually purchased an item this way.

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