Consumer Electronic Commerce - Business Electronic
BUSINESS ELECTRONIC COMMERCE SOLUTIONS - THE CALL OF THE TIMEThere really is no doubting the impact of Information Technology on our lives. And a significant example of this is the application of electronic commerce in business. Conducting business transactions has been changed to a great extent. Just what are electronic commerce or e-commerce solutions ? electronic commerce 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, electronic commerce solution is also a key to conduct business by means of technology through the internet. There are actually four types of electronic commerce existing today and these are the following:
business to consumer electronic commerce, business to business electronic commerce, consumer to business electronic commerce and the consumer to consumer electronic commerce.
The business to consumer electronic commerce involves businesses selling products and services to various individual customers. This kind of electronic commerce is also known as online trading and auctions. On the other hand, the business to business electronic commerce involves the transactions commencing between companies in which they sell to other businesses. This type of electronic commerce 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 electronic commerce is deemed toward the improvement as well as the simplification of the various business processes inside a company. This type of electronic commerce 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 electronic commerce is designed to achieve a quicker and flawless transaction that is controlled. Aside from that, business to business electronic commerce is also effective in maintaining limited inventory as well as efficient enough to perform product refill and many more.
The consumer to business electronic commerce is actually considered an unusual internet trend. Examples for this type of electronic commerce 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 electronic commerce 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 electronic commerce 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.
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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.
(For a change 'ecommerce' is re-written as 'electronic commerce' by funandhobby.com )
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