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Abstract
This research paper provides a detailed evaluation of the business concepts in Electronic Commerce (E-Commerce). The concept of E-Commerce defines the exchange of goods and services with monetary value between consumers and companies. E-Commerce is a web-based catalogue whereby buyers can possibly place order and sellers possibly accept payments. E-Commerce incorporates two forms of business: Business-to-Business (B2B) and Business-to-Consumer (B2C), which provide a definition of the commerce transactions between enterprises, such as between the wholesalers and the manufacturers or the retailers. B2C E-Commerce provides enterprises with the model, which allows businesses to deliver purchasers to the relevant merchants and achieve from the commission rewards given by the merchants. This paper will evaluate the two forms of business with relation of management of Virtual Enterprises (VE) in the field of E-Commerce. The paper will end with an analysis of VE before projecting future directions for health of B2B and B2C in business.
Highlights
The concept of Business-to-Business (B2B) is applicable to the enterprises that purpose to market their services and goods exclusively to other forms of business aside from the consumers
Benefits Some means companies have benefited from B2B ECommerce include management of inventories, which includes the management of inventories in an efficient manner; transforming the demands of consumers; availing products to the market quickly; cutting the expenses of doing paperwork; reigning rough sells; and receiving lower prices on supplies
B2B is used to signify the form of commercial transaction, which involves the buying and selling of merchandize that are undertaken between two different business houses, such as supply materials to production, or corporations providing a service to another
Summary
The concept of Business-to-Business (B2B) is applicable to the enterprises that purpose to market their services and goods exclusively to other forms of business aside from the consumers. The Dell corporation provides its corporate customers (about five thousand United States Companies) virtual personized services in the manner of premium page programs, which is a form of mini-website linked to the customers’ intranet. This permits the customers to effectively configure microcomputers and obtain immediate accessibility to technical support, which incorporates following up with the placed orders. Many recent discussions on E-commerce have concentrated on B2C segment activities as shown in Fig 2 below This is considered natural since there are more than a hundred million consumer households, which makes markets attractive. As recent comportments of expert investors indicate, the available opportunities in B2B may be greater
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