Question

1. List and briefly explain the main types of E-commerce.

Answer 1

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Four main types of main E-commerce are as follows:

• B2B (Business to Business)- In this type of model of the Business to Business the companies doing the business sell its products to the other smaller businessman and the customer is the end-user and this small businessman resells the product to the customer.
• B2C (Business to Consumer)- In this type of model the customer gets the product directly from the enterprise or the company so as to provide the products at less price to the customers
• C2B (Consumer to Business)- In this type of business model the consumer can sell its product to the business online and then the customer would be the end-user, this way the homemade products can be sold for the business.
• C2C (Consumer to Consumer)- This is the direct model in which the consumer can directly send the products directly to the consumers mostly this is the model used for selling second-hand products online so as to gain more profits.

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