E-Commerce or Electronic Commerce is the buying and selling of products or services over the web. E-commerce is additionally referred to as electronic commerce or internet commerce, which is the most well-liked way of shopping or buying and selling nowadays. These services provided online over the web network.
Electronic commerce may be classified into four main categories. the premise for this straightforward classification is that the parties that are involved within the transactions. Therefore, the four basic electronic commerce models are as follows:
1. Business to Business
This is Business to Business transactions. Here the businesses do business with one another. the ultimate consumer isn't involved. So, the web transactions only involve the manufacturers, wholesalers, retailers etc.
2. Business to Consumer
Business to Consumer. Here the corporate will sell their goods and/or services on to the buyer. the consumer can browse their websites and appearance at products, pictures, read reviews. Then they place their order and also the company ships the products on to them. Popular examples are Amazon, Flipkart, etc.
3. Consumer to Consumer
Consumer to consumer, where the consumers are in direct contact with one another. No company is involved. It helps people sell their personal goods and assets on to an interested party. Usually, goods traded are cars, bikes, electronics etc. OLX, Quikr etc. follow this model.
4. Consumer to Business
This is the reverse of B2C, it's a consumer to business. Therefore, the consumer provides a decent or some service to the corporate. Say for instance an IT freelancer who demos and sells his software to a corporation. this may be a C2B transaction.