Question
Download Solution PDFWhich of the following is NOT a classification of E-Commerce?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFThe correct answer is D2D (Distributor-to-Distributor).Key Points
- B2C (Business-to-Consumer):
- Business-to-consumer marketing describes the practice of companies selling goods and services directly to customers without the use of a middleman.
- B2C mainly refers to online merchants who use the internet to sell goods and services to customers.
- C2C (Consumer-to-Consumer):
- A business model known as "consumer to consumer" (C2C) allows for private customers to deal for goods or services without the involvement of a business on either end of the transaction.
- Today, online businesses handle the majority of C2C transactions.
- B2B (Business-to-Business):
- Business-to-business (B2B) refers to a deal or transaction made between two companies, like a wholesaler and a retailer.
- B2B transactions typically take place in the supply chain, where one business buys raw materials from another in order to utilise them in the production process.
- Companies in the auto business, as well as those in property management, housekeeping, and industrial cleanup, frequently engage in B2B transactions.
Additional Information
- E-commerce is the electronic purchase or sale of goods through online stores or the Internet.
- E-commerce makes use of technology like supply chain management, mobile commerce, electronic payments transfer, Internet marketing, etc.
- Online retail, electronic markets, and online auctions are the three subfields of e-commerce.
- Electronic business provides a foundation for e-commerce.
- There are five essential categories of E-commerce:
- Business to Business
- Business to Consumer
- Business to Government
- Consumer to Business
- Consumer to Consumer
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