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There are many types of e-commerce models, based on market segmentation, that can be used to conducted business online.The 6 types of business models that can be used in e-commerce include: [1] Business-to-Consumer (B2C), Consumer-to-Business (C2B), Business-to-Business (B2B), Consumer-to-Consumer (C2C), Business-to-Administration (B2A), and Consumer-to-Administration
Since that time, the terms, "e-business" and "e-commerce" have been loosely interchangeable and have become a part of the common vernacular. [9] According to the U.S. Department Of Commerce, the estimated retail e-commerce sales in Q1 2020 were representing almost 12% of total U.S. retail sales, against 4% for Q1 2010. [10]
B2B transactions can be processed online in various ways, of which Electronic Data Interchange (EDI) and B2B e-commerce is most often used. Although EDI and B2B e-commerce both have their own, distinctive features, they are frequently confused. [4] EDI is the electronic transfer of purchasing information between the buyer and seller.
This approach enables companies to offer customers full value proposition of their products or services. [12] 7 Marketing P's. Used in targeting and defining a market in a go-to-market strategy. These are some of the common factors that are considered when performing a market segmentation in a go-to-market strategy: [13]
Some examples of B2B online marketplaces include VerticalNet, Commerce One, and Covisint, which were some of the earliest B2B marketplaces to emerge in the early days of e-commerce. More contemporary B2B marketplaces include EC21, Elance, and eBay Business, which focus on specific product or service categories and facilitate complex ...
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This offers some protection for consumers partaking in C2C e-commerce, allowing them the chance to take advantage of the prices offered by motivated sellers. There are four different types of e-commerce, or electronic commerce, which is the buying and selling of goods or services through the use of computer technology and Internet service ...
A business needs the services of another for operational reasons (e.g., a food manufacturer employing an accountancy firm to audit their finances). A business re-sells goods and services produced by others (e.g., a retailer buying the end product from the food manufacturer). Business-to-business activity is thought to allow business ...