There really is no doubting the impact of Information Technology on our lives. And a significant example of this is the application of ecommerce in business. Conducting business transactions has been changed to a great extent. Just what are ecommerce or e-commerce solutions? Ecommerce or e-commerce is the purchasing or selling of goods or services as well as the transfer of funds in any way by means of electronic communications in inter-company and intra-company business dealings. Moreover, ecommerce solution is also a key to conduct business by means of technology through the internet. There are actually four types of ecommerce existing today and these are the following: business to consumer ecommerce, business to business ecommerce, consumer to business ecommerce and the consumer to consumer ecommerce.
The business to consumer ecommerce involves businesses selling products and services to various individual customers. This kind of ecommerce is also known as online trading and auctions. On the other hand, the business to business ecommerce involves the transactions commencing between companies in which they sell to other businesses. This type of ecommerce also includes a transfer of well thought-out messages with other business partners over private networks or internet in order to create and transform business processes. Moreover, the business to business ecommerce is deemed toward the improvement as well as the simplification of the various business processes inside a company. This type of ecommerce is also geared toward the maximization of the efficiency when it comes to the many transactions that a company engages into. Likewise, the business to business ecommerce is designed to achieve a quicker and flawless transaction that is controlled. Aside from that, business to business ecommerce is also effective in maintaining limited inventory as well as efficient enough to perform product refill and many more.
The consumer to business ecommerce is actually considered an unusual internet trend. Examples for this type of ecommerce are those individuals who for example are looking for hotels but have limited budget. What they do is that they place an ad on the internet saying that they are looking for a hotel at a rate that are just within their budget and then they also place there their contact numbers or email addresses if ever some hotels are interested. This example simply shows the marvelous capability of the internet to bring people together and create a cyber market wherein various people can transact their business.
On the other hand, the consumer to consumer ecommerce is considered to be the internet’s equivalent of an advertising market. This is where individual web users are allowed to put their ad for other consumers to react to. The advantage of this type of ecommerce is that people are able to save on advertising and then their ads are much faster and are easily reached by an unlimited number of customers like themselves.
About the author:
Jinky C. Mesias is a lover of simple things and of nature. She spends most of her time reading and writing poetry.
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