Latest Trends in the Industry Part-2
So in this post I am going to continue the previous post Electronic Commerce E-commerce is a general term for electronic commerce or Internet commerce. The name is self-explanatory and it is where buyers and sellers meet on the Internet. This includes trading goods and services, transferring funds, and exchanging data. So logging into Amazon and buying a book is a classic example of an e-commerce transaction. Here, you interact with the seller (Amazon), exchange data in the form of images, text, shipping addresses, etc., and then make the payment. Types of e-commerce models e-commerce can be divided into four main categories. The basis for this simple classification is the parties involved in the transaction. So the four basic e-commerce models are: 1. Business to Business These are business to business transactions. This is where businesses do business with each other. End users are not involved. Therefore, only manufacturers, wholesal