E-commerce definition (Task 1)

What is E-Commerce?

E-commerce uses the internet, the wide world web, and phone applications to sell or buy products or services. These transactions usually happen digitally by transferring money or date in exchange for these products and services (Laudon and Traver, 2016).

The types of e-commerce:

E-commerce could be simply defined as the selling and buying of goods and services using the web; people instantly think of the business to consumer type. However, e-commerce is a digital business. Therefore, e-commerce transaction can happen between (Chaffey et al., 2018):

1.  Business to Business (B2B):  when a corporation or organisation offers its services or goods to another business( e.g., when a company sells its old hard wear to another corporation).

2.Business to Consumer (B2C):  when a corporation or organisation offers its services or goods to consumers (e.g., when an individual buys a t-shirt from an online shop).

3. Consumer to Business (C2B): When an individual offers its services or product to a company (e.g., when an individual offers their platform to advert to an organisation).

4.  Consumer to Consumer (C2C): When a consumer sells to another consumer (e.g., selling a piece of old furniture on eBay) (Shopify, 2020).

Author's work

 

 

 

 

 

 

 

 

 

Reference list:

Laudon, K. and Traver, C., 2016. E-Commerce 2016: Business, Technology. Society, Global. [ebook] Pearson Education. Available at: <https://r1.vlereader.com/Reader?ean=9781292109978> [Accessed 14 January 2021].

Chaffey, D, Hemphill, T, & Edmundson-Bird, D 2018. Digital Business and e-Commerce Management, Pearson Education, Limited, Harlow, United Kingdom. Available from: ProQuest Ebook Central. [14 January 2021].

Shopify, 2020. Ecommerce. [online] Available at: <https://www.shopify.com/encyclopedia/what-is-ecommerce> [Accessed 14 January 2021].