Business Information System

In: Business and Management

Submitted By frankietan41
Words 1327
Pages 6
Introduction

E-Commerce involves digitally enabled commercial transactions between organizations and individuals. EC is commonly known as Electronic Commerce. It is a business that based on the internet concept in the terms of buying and selling products or services. E-Commerce is a non-cash payment system, it uses credit cards, debit cards, cash cards, electronic fund transfer via bank’s websites or other ways of electronic payment. E-commerce is not only a term of shopping online (Web shopping), but also encompasses many more business activities. E-commerce is a new way of conducting business, using any of the new application of technology. It makes business people to conduct their business globally and 24hours/7days. People can order and make payment on anytime and at anyway. This also improves the sales for the business organizations. Although e-commerce is popular for online shopping recently, but electronic commerce has existed for many years as banks have been using electronic funds transfer (EFT) for decades.
A market is a place of interactions and relationships where products, information, payment, and services are exchanged. It handles all transactions that needed. E-Commerce bazaars let traders and buyers meet electronically.

Main Essay
E-commerce business model
Electronic Commerce business model can be categorized into three major ideals. There are: B2B, B2C, and C2C.
(i) B2B  Business-to-Business e-Commerce
Participants are the organizations. This is a business transaction between businesses.

Using B2B business concept, website sells their product to a wholesaler or business organization; they are known as an intermediaries, who then sells the products to the final customers.
In B2B business model, sellers as well as buyers are both business entity.
(ii) B2C  Business-to-Consumer e-Commerce
In this business model, customers can…...

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