E-Commerce :- E-Commerce is the process of buying and selling produce by an electronic medium such as by mobile applications and the Internet. Ecommerce refers to both online retail as well as electronic transactions. Ecommerce has rapidly increased in popularity over the last decades, and in ways, it's replacing traditional brick and barrier working in a modern way.
Business-to-Business (B2B) :- Business to business is the process when a transition between two firms. The company directly connected to the other business. B2B companies provide a discounted rate per unit if customers buy in bulk which is a great motivation for the company.
Business-to-Consumer (B2C) :- Business to consumer is that when the business directly connected to the customer in this model where merchants sell to consumers who buy a small amount of product. A familiar example of the B2C model would be supermarkets where consumers buy their shopping weekly but they wouldn’t normally bulk buy anything.
Consumer-to-Consumer (C2C) :- Consumer to consumer is the business between two separate consumers. Whether it's for goods or services, this category of e-commerce connects people to do business with one another. The C2C has helped to build new and better relationships, helping buyers and sellers locate each other. Customers can benefit from the competition for products and easily find products that may otherwise be difficult to locate.
E-Commerce business benefits are
- Global Market
- Always Open
- Reduce Cost
- Automated Inventory Management
- Target Market
- Inventory Management
- Serving Niche Markets
- Location Independence