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E-Commerce 

Electronic commerce, also known as e-business, is of financial business transaction that occurs even and electronic network.

Anyone who was a computer connected to the internet and has means to make an online payment (through credit card, debit card, net banking, etc.) For goods or services purchased online can participate in e commerce. two popular types of e-commerce are shopping and trading in stocks.

There are thousands of website devoted to online shopping. Some websites focus on one product or service, such as books or travel, whereas other sites offer a wide range of products. The web is a great place to sell your goods and services. E-Commerce eliminates the blockage of time and distance that slows down traditional business transactions. now transactions can quickly and globally with e commerce, and a lot of time is saved

Initially, e-commerce  transactions were conducted primarily through desktop computers. Today many hand-held computers and smartphones can access the web wirelessly. The E-Commerce that takes place using mobile devices is called m-commerce (mobile commerce).

Advantages of E-commerce

e-commerce is a big part of the web which enables online buying and selling of goods and services. Its advantages are given below:

For buyers

1) They have the convenience of shopping at home.

2) They can compare the price of items easily.

3) They can read reviews of other users about the products.

4) Door step delivery of the desired goods and services.

5) They can also give instant feedback.

For sellers

1) the web offers low overhead expenses.

2) free or low cost marketing activities.

3) potential buyers can be millions of people.

E-commerce Business models

The four basic models of e-commerce business are business to consumer, consumer to consumer, business to business, business to employee.

BUSINESS-TO-CONSUMER E-COMMERCE

Business-to-consumer (B-to-C or B2C) e-commerce consists of the sale of products or services from business concern to the general public or end users. In this model, the seller is the business concern, and the buyer is the consumer (public). Products for sale can be physical objects, such as books, flowers, computers, groceries, medicines, automobiles, etc. With B2C business model, the sellers can sell products directly to consumers, without using traditional retail channels. This enables some companies to sell products at a lower cost with quick service.

CONSUMER-TO-CONSUMER E-COMMERCE

In Consumer-to-Consumer (C-to-C or C2C) e-commerce, the individuals use the Internet to sell products and services directly to other individuals. Online auction is the most popular vehicle for C20 e-commerce, in this, one consumer auctions goods to other consumers. If you are interested, you place a bid on an item. The highest bidder, as in any other auction, buys the item. OLX is the example of C2C e-commerce.

BUSINESS-TO-BUSINESS E-COMMERCE

In a Business-to-Business (B-to-B or B2B) e-commerce, the sale or exchange of products and services takes place between firms. For example, a company that manufactures cars might use the Internet to purchase tyres from their supplier or tyre manufacturer.

BUSINESS-TO-EMPLOYEE E-COMMERCE

Business-to-Employee (B-to-E or B2E) e-commerce, also known as intra business e-commerce, refers to the use of Intranet technology to handle activities that take place within a business.

Unlike the previously discussed types of e-commerce business models, B2E e-commerce does not generate revenue. Instead, it increases profits by reducing expenses within a company. For example, using B2E e-commerce, employees collaborate with each other, exchange data and information, and access the in-house databases, sales information, and market news.

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