(Q4) Explain the types of E-Commerce? Write a note on B2B, C2B, C2C, B2C
(1) Business-to-business (B2B)
(a)B2B stands for Business to Business.
(b)This model describes commerce transactions between businesses, such as between a manufacturer and a wholesaler, or between a wholesaler and a retailer.
(c)It consists of largest form of E-commerce.
(d)This model defines that Buyer and seller are both business entities.
(e) It is commonly known as EDI (Electronic Data Interchange).
(f) The two businesses pass information electronically to each other
(g) E.g.:-Dell deals computers and other associated accessories online but it is does not make up all those products. So, in govern to deal those products, first step is to purchases them from unlike businesses i.e. the producers of those products.
(a) It is the model taking businesses and consumers interaction.
(b) The basic concept of this model is to sell the product online to the consumers.
(c) B2c is the direct trade between the company and consumers.
(d) It provides direct selling through online. For example: if you want to sell goods and services to customer so that anybody can purchase any products directly from supplier’s website.
(e) Customer identifies a need. Searches for the product or services to satisfy the need.
(f) Selects a vendor and negotiates a price.
(g) Example websites like Amazon.com. Flipkart, etc.
(3)Consumer to Business (C2B)
(a) In this model, the customer requests a specific service from the business.
(b) It enables buyers to name their own price, often binding, for a specific good or services generating demand.
(c) A consumer posts his project with a set budget online.
(d) Examples: online trading, tenders freelancing with website like Bazee.com.
(a) It facilitates the online transaction of goods or services between two people.
(b) Consumer-to-consumer (C2C) (or citizen-to-citizen) model involves the electronically facilitated transactions between consumers through some third party.
(c) A common example is the online auction, in which a consumer posts an item for sale and other consumers bid to purchase it.
(d) Example: OLX, eBay.