Difference between e-commerce and e-business
introduction
In this article, we will come to know the minor, as well as the major difference between E-commerce and E-Business and, will extract deep knowledge about them for better understanding.
E-Commerce
E-commerce is defined as purchasing and selling of stock or commodities online on the internet via a digital platform. This transaction is made when an actual buyer buys products or goods online by investing money in it and the receiver receives a payment.
E-commerce includes online-banking, shopping, etc. Its main objective is to make a sale by selling goods or products digitally. The backbone of e-commerce is the internet.
Internet is nothing but a group of networks that together forms the internet. This is a vast platform that allows users not only to exchange information, messages with each other but also helps in selling or buying services or goods on online mode.
Traditional marketing has been gone somehow in this modern era, as our country being Digital India promotes online buying and selling with online transactions. Nowadays people spend online by making online payments and receives an order at their doorstep. This is the easiest and cheapest way of doing online marketing. It is not only popular or modern marketing but this is a type of marketing where sellers make a healthy bond with their customers by sharing feedback among them online. Feedback plays an important role in our lives as less rating on certain products makes us feel realize about the value of the product whether t buy or not buying the products.
Definition
“ E-Commerce is defined as an easy or cheapest way of online purchasing and selling of products on digital platforms.”
Types of E-Commerce
1.B2B – Selling of products to intermediate buyers who will further sell that product to the final customer is B2B or business to business. Both buyer and seller are identified as business entities.
2.B2C – It is defined as online buying of goods between a customer and an online seller. This is termed as business to customers.
3.C2C – Transaction that takes place between one customer to another customer online.
4.C2B – In this customer offers a product or goods to businessmen or business and business consume that. This is a customer to the business.
E-Business
The type of business that is done with the use of the internet. This is termed as Electronic-Business. It is a commercial transaction of sharing information over a group of networks. This is a business that is online with the help of the internet that is providing services to its clients.
Internet, intranet as well as extranet are used for connecting business to business.
Information is used to specify one’s business is all about.
E-business allocates knowledge, train employees or workers in the business organizations.
Conclusion
E-commerce is a part of E-business but e-business is itself another component, not anyone’s part. Companies are e-business to make their strong presence in the marketplace.
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