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Traditional Commerce: I, Definition

The document compares traditional commerce and e-commerce. It defines traditional commerce as face-to-face buying and selling, while e-commerce is defined as online buying and selling. Some key differences highlighted include accessibility, customer interface, business scope, modes of delivery and payment, inspection of physical products. While e-commerce provides wide accessibility and payment options, traditional commerce allows customers to inspect products physically before purchase. Both have benefits for different types of customers and businesses.

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Quỳnh Anh Phạm
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81 views

Traditional Commerce: I, Definition

The document compares traditional commerce and e-commerce. It defines traditional commerce as face-to-face buying and selling, while e-commerce is defined as online buying and selling. Some key differences highlighted include accessibility, customer interface, business scope, modes of delivery and payment, inspection of physical products. While e-commerce provides wide accessibility and payment options, traditional commerce allows customers to inspect products physically before purchase. Both have benefits for different types of customers and businesses.

Uploaded by

Quỳnh Anh Phạm
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
You are on page 1/ 5

Team 3, PC1517 (Đinh Văn Tiến;Phạm Quỳnh Anh)

Traditional commerce
I, Definition
Traditional commerce is traditional approach to buy goods and services in
person which involves face to face dealing.

II, Feature
Consumer have the option to come in personally to buy your products and
services. some of the most important of traditional commerce include providing
and giving the customer a change to use all five senses before making a purchase.

III, Conclusion
Although there have been many different forms of business such as electricity
commerce, but traditional trade is still the foundation for the development of
trade. because why? Online business only introduces new products and serves as
a platform for customers to easily access newer products.

E-commerce
I, Definition
E-commerce is stand for Electric commerce, which is also defined as the
activities buying or selling of goods, products or services on online services or
over Internet.
Some example for E-commerce platform: Alibaba, Amazon , Shopee, Lazada,
…

II, How to create E-commerce platform


E-Commerce is made up of 2 basic components:
+ Online shopping: Including all essential information distributed to customers, providing
reasonable shopping methods. This definition also includes consumer product & procurement
censorship.
+ Online purchasing: A collection of all technological infrastructures for data transfer to serve
the shopping needs on the Internet. This is based on systems that support the online shopping
process, and operate smoothly.

III, Classification
Based on the target audience of buyers and sellers, E-Commerce can be classified
like this:

1, Business to business (B2B)


-It’s means an online business model between a company and a
company. Trading activities between the two businesses take place on e-commerce
trading floor or e-commerce channels of each enterprise.
-The customer in B2B model here is not an individual, it’s the company, the
business. It’s also the reason why the value of a contract, the order is very large
and required to sign an external contract.
2, Customer to business (C2B)

-C2B is a business model in which customers create value and resell that value
to businesses.

-Contrary to the popular B2C concept, where companies provide goods and


services to end consumers, the C2B model allows businesses to extract value from
consumers and vice versa.

-C2B has just appeared in recent new years. It’s the newest models.

3, Customer to customer (C2C)


-The C2C model refers to the form of business between an individual and the
whole, in which, buyers and sellers are individuals who use many different ways
on the Internet, not businesses.

-If you want to use the goods or product with lower price, you can buy the
second hand form from another individual, this is one illustration for C2C model.

4, Government to Bussiness (G2B)


-It's a interactive form without commerce between government and commercial
enterprises.

- Some typical forms of trading: Providing information about laws, regulations,


policies for businesses mainly through the Internet.qq

5, Business to customer (B2C)


- It’s a form of business from enterprises, companies to customers. The purchase
and sale takes place on the internet.
-The customers here are individuals who buy goods for normal consumption
purposes, without generating further transactions.
-Illustrating for B2C typical model is the activities buying goods, products from
Internet by an individuals.

IV, Benefits of using E-commerce platform


1, No limit on distance

2, Saving unnecessary cost (such as rental cost)

3, Automatically manage inventory by using technology

4, Unlimited store location

5, Unlimited time (24/7 )

V, Challenges of E-commerce platform


Almost reasons have the intersection. In conclusion, I have divided into 4
mainly roots.

1, Customer’s trust

2, Security for Website to protect user’s profile, online transactions,…

3, The competitors
4, Payment issue

Comparison
E-commerce
-Accessibility: Wide accessibility and available around the clock.
-Customer Interface: Access to all types of items with customers very quickly.
-Business Scope: Business scope is not limited or limited by geographical
distance.
-Mode of Delivery: Easier to use for those who at least know the most basic uses
of electronic equipment and are able to operate those devices and process
transactions
-Mode of Payment: Applies many payment methods to make remote payments
more convenient, for example, using e-wallet, transfer, ...
-Product Physical: Save time for buyers. In addition, letting products reach
customers depends on many factors. For example, during an outbreak, items from
outside cannot be shipped quickly to everyone.
-Inspection: One downside of e-commerce is that the sold product cannot be
properly assessed and tested by the customer because it can only be seen through
the screen.

Traditional commerce
-Accessibility: Using manual business, not reaching all customers.
-Customer Interface: Only limits the number and certain customers.
-Business Scope: Due to using old business methods, business scope is limited and
not popular to all consumers.
-Mode of Deliver: Traditional commerce is available where digital marketing has
yet to reach. Everyone can perform without through education and learning.
-Mode of Payment: Using manual payment method (in cash), there are also
convenient payment methods like e-commerce.
-Product Physical: Due to time constraints, customer need to plan their shopping
time, according to store time, which is time consuming and effortless.
-Product Physical: Traditional business wins here because it allows customers to
check the product exactly how they want it to be and feel more secure upon
receipt.

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