E-Commerce

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What are the benefits of E-Commerce?

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Homework requires you to think for yourself

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Ecommerce, also known as electronic commerce or internet commerce, refers to the buying and selling of goods or services using the internet, and the transfer of money and data to execute these transactions. Ecommerce is often used to refer to the sale of physical products online, but it can also describe any kind of commercial transaction that is facilitated through the internet.

Whereas e-business refers to all aspects of operating an online business, ecommerce refers specifically to the transaction of goods and services.
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[USS11]

Ecommerce business, otherwise called electronic trade or web business, alludes to the purchasing and selling of products or administrations utilizing the web, and the exchange of cash and information to execute these exchanges. Ecommerce business is regularly used to allude to the offer of physical items on the web, however, it can likewise portray any sort of business exchange that is encouraged through the web.

Though e-business alludes to all parts of working an online business, Ecommerce business alludes explicitly to the exchange of merchandise and ventures.

The historical backdrop of Ecommerce business starts with the primary ever online deal: on August 11, 1994, a man sold a CD by the band Sting to his companion through his site NetMarket, an American retail stage. This is the main case of a shopper buying an item from a business through the World Wide Web—or "web-based business" as we usually know it today.

Kinds of Ecommerce Models

There are four fundamental kinds of Ecommerce business models that can depict pretty much every exchange that happens among buyers and organizations.

1. Business to Consumer (B2C):

At the point when a business offers a decent or administration to an individual buyer (for example You purchase a couple of shoes from an online retailer).

2. Business to Business (B2B):

At the point when a business offers a decent or administration to another business (for example A business sells programming as-an administration for different organizations to utilize)

3. Purchaser to Consumer (C2C):

At the point when a purchaser offers a decent or administration to another buyer (for example You sell your old furniture on eBay to another purchaser).

4. Purchaser to Business (C2B):

At the point when a purchaser offers their own items or administrations to a business or association (for example An influencer offers a presentation to their online crowd in return for an expense, or a picture taker licenses their photograph for a business to utilize).
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