What is Electronic Commerce?
Electronic commerce or Ecommerce is a term used for any commercial or economical transaction when the information is transmitted over the Internet. It covers various types of businesses: from retail stores to auctions and music stores, to the exchange of goods and services between companies. Currently, this is one of the most important aspects of the Internet.
Electronic commerce allows consumers to make an electronic exchange of goods and services without temporary or spatial barriers. In the last five years, electronic commerce has grown rapidly and is expected to continue, if not accelerated, at such speed. In the near future, the borders between “traditional” and “electronic” commerce will disappear more and more, as more and more companies carry out part of their operations through the Internet.
Types of E-commerce Services in Ludhiana
E-commerce services can be used for various transactions over the Internet. The services you hire must match the kind of business in which you participate. Therefore, before choosing a service provider that best suits your needs, a preliminary market survey is strongly recommended. Popular Ecommerce services in Ludhiana are divided into the following main categories:
- Business to business (B2B)
- Business to consumer (B2C)
- Consumer to Business (C2B)
- Company to Company (C2C)
Business to Business (B2B)
E-commerce services from one company to another, also called EDI or electronic data exchange, generally work through the Internet. Two companies transmit information electronically. This type of activity now accounts for 94% of all e-commerce transactions.
Consumer to Business (B2C):
B2C e-commerce services only work on the Internet. In this type of commerce, the consumer has access to the supplier’s system.
Commercial customers to Business: (C2B):
Consumer e-commerce is a growing area in which consumers require specific information or services in online commerce.
Employee to Business (B2E):
E-commerce services also call this type of internal network. B2E E-commerce is the website of an employee that provides information about the organization. An intranet is usually run from the company’s, but in some cases, it can be redistributed to external sources that use the Internet to access it.
Consumer to Consumer (C2C):
C2C E-commerce Services offers auction sites where consumers can post shopping lists. Other consumers can access this information and make an offer for the products or services listed. In most cases, the site operator calculates the transaction costs for the service.