Business-to-business – (B2B) - this describes commerce transactions between businesses, such as between a manufacturer and a wholesaler, or a wholesaler and a retailer. Cisco is an example of one of the first B2B catalogs online. Other examples of B2B e-commerce are intranet services and Web meetings.…
E-commerce has several different categories which include business-to-consumer, business-to-business, and consumer-to-consumer. The business to consumer category is probably what most think of when considering e-commerce. This category is best described as when a retailer offers products and services to an individual consumer. The business to business category of e-commerce may not be as popular in the public eye, but is an integral part of how companies conduct business. Business to business e-commerce is basically when a business makes a business out of supporting other companies by selling them products they need to run their business. Consumer to consumer transactions are not a new idea, but the introduction of the e-commerce environment has drastically changed this category of e-commerce. It used to be that one could only sell unwanted or unneeded personal belongings to people in a relatively close geographical area. With e-commerce this is no longer the case. Sites like eBay allow people to sell items in their possession to the highest bidder without the constraint of geographical location. When consumer to consumer transactions are done this way it allows the person selling their product to get a much fairer price for the products they are offering.…
B2B’s audience and clients are not individual people as compared to B2C websites. These individuals are members of a company. When conducting business you need to be aware who has authority, for example, for signing a non-disclosure agreement or placing an order on behalf of a company. Because the relationship is more extensive, every time you exchange information issues like identity theft are increasing in numbers, because sites are not secured enough. Data has to be carefully tracked and labeled as general business or confidential as appropriate. As with ethics, the proper behaviors of participants are typically set forth in regulatory codes developed by trade associations, commercial standard groups and the…
B2B (Business to Business) web sites share mutual information with each other, so ethics in this situation are important. Privacy is important and should be protected through whatever technical and legal means possible. In the business environment, there are codes of ethics that are developed by the organizations, such as trade unions, which have developed them. For example the ACM Code of Ethics and Professional Conduct were created by the Association for Computing Machinery. It is stated in the Preamble that Commitment to ethical professional conduct is expected of every member (voting members, associate members, and student members) of the Association for Computing Machinery (ACM). (P. Mateti).…
All businesses, including small and medium scale industries, no matter their geographical locations, are all beneficiaries of e-banking. It encompasses all kinds of commercial transaction that is conducted on an electronic medium, mostly through the internet. E-banking links business to customers no matter their geographical location. It allows companies to make new business contacts from different global business alliances, test new products and services, and make market research and other enquiries all at a minimal cost both financial and otherwise.…
An example of B2B is Apple and Samsung, which are considered to be competitors. However, Samsung manufactures processors for Apple’s iPhones, and they have business to business deals, suggesting that they are not only rivals on the market. Also, American Express owns a website that gives advice to small business owners. Thus, companies can give feedback and learn new things from the website, making it a B2B interaction in general.…
B2C refers to businesses that sell to consumers online, such as Walmart’s website, Fingerhut, and other’s department stores or online stores. B2B are businesses that sell to other businesses such as wholesale items, equipment, etc. C2C refers to consumers dealing with each other, such as EBay. P2P helps people share files and computer sources without interacting with a central web server. M-Commerce is where consumers interact with each other with a mobile device that could lead to business.…
As payment is an integral part of mercantile process, electronic payment system is an integral part of ecommerce. The emergence of e-commerce has created new financial needs that in many cases cannot be effectively fulfilled by traditional payment systems. E-payment systems are becoming central to ecommerce as companies look for ways to server customers fasters and at lower cost, thereby paving way for new business opportunities…
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.…
The spread of the internet has opened a new way of businesses to connect with potential customers. While the traditional businesses are still around, e-business has been growing at a steady rate. The main differences between e-business and traditional business include the kind of customer interaction available, accessibility and the expenses.…
E-commerce can be defined as, “ICT mediated transactions between an organization and its customers, suppliers and employees. It simply means that transactions between a firm and its customers and suppliers are transmitted over computer networks.”(Simon Fraser). Ecommerce has many advantages as well as disadvantages. I will attempt to elaborate on some of those advantages and disadvantages from both the buyer and seller point of view.…
Type of payment is also a different requirement for B2B transactions. When your company makes a purchase, you rarely use a credit card for payment. More likely, you will have varied forms of payment such as lines of credit and open orders. B2B applications are designed with these requirements in mind.…
The Internet has proved to be the perfect vehicle for e-commerce because of its open standards and structure. No other methodology or technology has proven to work as well as the Internet for distributing information and bringing people together. It’s cheap and relatively easy to use it as a conduit for connecting customers, suppliers, and employees of a firm. No other mechanism has been created that allow organizations to reach out to anyone and everyone like the Internet.…
Businesses are able to take advantage of electronic banking which allows them to check their bank account records in real time – saving time and helping ensure that payments due have been made and received, and also to operate the bank account within any agreed overdraft limit.Large and overseas payments can be made quickly and securely with on-line banking, as long as the business has its own security checks to protect against theft by staff or by anyone else who managed to obtain account details and passwords.EFTPOS Electronic Funds Transfer at Point Of Sale is familiar to most of us in the form of card readers that swipe credit and debit cards for payments. This has the…
E-commerce is the buying and selling of goods and services, or the transmitting of funds or data, over an electronic network, primarily the Internet (Rouse). These business transactions occur in business-to-business, business-to-consumer, consumer-to-consumer or consumer-to-business (Kinjal, 2014). The terms e-commerce and e-business are often used interchangeably. E-commerce is conducted using a variety of applications, such as email, fax, online catalogs and shopping carts and web services (Rouse). Most of this is business-to-business, with some companies attempting to use email and fax for unsolicited ads to consumers and other business prospects, as well as to send out e-newsletters to subscribers. The benefits of e-commerce include it’s around the clock availability, the speed of access, a wider selection of goods and services, accessibility, and international reach (Rouse). It’s perceived downsides include sometimes limited customer service, not being able to see or touch a product prior to purchase, and the necessitated wait time for product shipping.…