E-commerce and its Relation to E-business
The United States Census Bureau defines e-commerce as “any transaction completed over a computer mediated network that involves the transfer of ownership or rights to use goods and services. Transactions occur within selected e-business processes eg. selling process and are ‘completed’ when agreement is reached between buyer and seller to transfer ownership or rights to use goods or services.” So while e-business covers the entire range of online business dealings (from customer service to selling), e-commerce refers specifically to one entity paying for goods or services from another entity via the internet. With this in mind, remember that e-commerce can relate to all types of e-business involved in the transfer of goods or services, including but not limited to B2C, B2B and B2G.
The United States Census Bureau defines e-commerce as “any transaction completed over a computer mediated network that involves the transfer of ownership or rights to use goods and services. Transactions occur within selected e-business processes eg. selling process and are ‘completed’ when agreement is reached between buyer and seller to transfer ownership or rights to use goods or services.” So while e-business covers the entire range of online business dealings (from customer service to selling), e-commerce refers specifically to one entity paying for goods or services from another entity via the internet. With this in mind, remember that e-commerce can relate to all types of e-business involved in the transfer of goods or services, including but not limited to B2C, B2B and B2G.
EC which is also known as E-marketing is one of the best means of transacting business i:e means of buying or selling of goods & service through internet.
ReplyDeleteB2C E-commerce market in China to grow at a CAGR of 56.4 percent over the period 2011–2015. One of the key factors contributing to this market growth is the growing number of internet users. The B2C E-commerce market in China has also been witnessing the emergence of social media in the market. However, increasing price wars among e-commerce companies could pose a challenge to the growth of this market.
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