Forms and Classification of Online Business
Forms and classification of online business
According to (Adam, Z.R.), the major different types of e-commerce (B2B) Business-to Business, (B2C) Business-to-Consumer, (B2G) Business-to-Government, (C2C) Consumer-to-Consumer and M-commerce which is mobile commerce.
Business-to-business is simply e-commerce that is present between two businesses. It is said that it is the fastest growing type of e-commerce, much faster than B2C. It is a type of e-commerce wherein two businesses transact with each other online. About 80% of online businesses are of B2B type.
Business-to-consumer is e-commerce between companies and consumers. It is the second largest in growth and numbers among the types of E-commerce. It basically is interactions between consumers whether they transact online or offline or just gather information about products that are being offered by the company. Examples of such companies that are of B2B are Amazon and Costco.
Business-to-government is e-commerce between companies and the public sector. It refers to the use of the Internet for public procurement, licensing procedures, and other government-related operations
Consumer-to-consumer is e-commerce between private individuals with their fellow consumers. This type of e-commerce is characterized by online markets and online auctions wherein these sites serve as a medium for consumers to transact with other consumers. This type of e-commerce is said to have huge potential of growth out of all the types of e-commerce.
Consumer-to-business is e-commerce that is likened to reverse auction. It is basically the opposite of selling wherein a company would respond to a consumer’s need. This type of e-commerce is rarely encountered. However, e-bays report that there is a large number of this type of e-commerce wherein they earn millions of dollars every day.
Mobile commerce is e-commerce wherein transactions from businesses to consumers are done through wireless networks through the
According to (Adam, Z.R.), the major different types of e-commerce (B2B) Business-to Business, (B2C) Business-to-Consumer, (B2G) Business-to-Government, (C2C) Consumer-to-Consumer and M-commerce which is mobile commerce.
Business-to-business is simply e-commerce that is present between two businesses. It is said that it is the fastest growing type of e-commerce, much faster than B2C. It is a type of e-commerce wherein two businesses transact with each other online. About 80% of online businesses are of B2B type.
Business-to-consumer is e-commerce between companies and consumers. It is the second largest in growth and numbers among the types of E-commerce. It basically is interactions between consumers whether they transact online or offline or just gather information about products that are being offered by the company. Examples of such companies that are of B2B are Amazon and Costco.
Business-to-government is e-commerce between companies and the public sector. It refers to the use of the Internet for public procurement, licensing procedures, and other government-related operations
Consumer-to-consumer is e-commerce between private individuals with their fellow consumers. This type of e-commerce is characterized by online markets and online auctions wherein these sites serve as a medium for consumers to transact with other consumers. This type of e-commerce is said to have huge potential of growth out of all the types of e-commerce.
Consumer-to-business is e-commerce that is likened to reverse auction. It is basically the opposite of selling wherein a company would respond to a consumer’s need. This type of e-commerce is rarely encountered. However, e-bays report that there is a large number of this type of e-commerce wherein they earn millions of dollars every day.
Mobile commerce is e-commerce wherein transactions from businesses to consumers are done through wireless networks through the
References: Adam, Z. R. (2003). E-commerce and e-business. Manila, Philippines: United Nations Development Programme. Brown, D. (2009). Using Social Networking for Business. Retrieved March 14, 2010, from the World Wide Web: http://technology.inc.com/internet/articles/200611/interneticebreakers.html Nielsen (2009). Trends in Online Shopping. Retrieved March 14, 2010, from the World Wide Web: http://th.nielsen.com/site/documents/GlobalOnlineShoppingReportFeb08.pdf Poo, C. (2007) Build Website Online. Retrieved March 14, 2010, from the World Wide Web: http://www.cessypoo.com/build-website-online.html Starting an internet business- we make it simple (2010). Types of Business Models- Step 2. Retrieved March 14, 2010 from the World Wide Web: http://biggbucksonline.com/2009/08/25/types-of-internet-business-models/