Question

In: Economics

3. What kinds of models are most likely to benefit from using Ecommerce?

3. What kinds of models are most likely to benefit from using Ecommerce?

Solutions

Expert Solution

Ans.) E-commerce is the process of buying and selling of various products and services by businesses through the internet.

Kinds of models that are most likely to benefit from using Ecommerce are :-

i.) Business to Business (B2B) - This sort of E-commerce comprises of all the electronic exchanges and dealings identified with the merchandise and ventures. These fundamentally are directed among organizations and incorporate ordinary wholesalers and makers managing retailers.

ii.) Business to Consumer (B2C) - Business to consumer is the first type of e-commerce that is also the most common one. This model works by retailer and marketers that use clear data in various marketing tools so can sell their products to the internet users. B2C normally deal with business that are related to customer. This basic concept of this model is to sell the product online to the sonsumers.

iii.) Shopper to consumer (C2C)

iv.) Purchaser to business (C2B)

v.) Peer to Peer (P2P)

vi.) Business to Administration (B2A)

vii.) Buyer to Administration (C2A)


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