This document outlines various e-commerce business models:
B2B refers to transactions between businesses, B2C allows companies to sell directly to consumers, C2C enables consumers to trade with each other (e.g. on eBay), C2B benefits businesses through consumer-created value, B2G involves businesses selling to government agencies, G2B supports transactions between government and businesses, and G2C provides government services to citizens online.
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E Commerce (Final Year Presentation)
This document outlines various e-commerce business models:
B2B refers to transactions between businesses, B2C allows companies to sell directly to consumers, C2C enables consumers to trade with each other (e.g. on eBay), C2B benefits businesses through consumer-created value, B2G involves businesses selling to government agencies, G2B supports transactions between government and businesses, and G2C provides government services to citizens online.
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E-COMMERCE BUSINESS MODELS
What is E-Commerce? E-Commerce Business Models B2B B2C C2C C2B
Business to Business Business to Consumers Consumers to Consumers Consumers to Business
B2G G2B G2C
Business to Government Government to Business Government to Consumers
1. Business to Business (B2B) • Business-to-business (B2B), also called B-to-B, is a form of transaction between businesses, such as one involving a manufacturer and wholesaler, or a wholesaler and a retailer. Business-to-business refers to business that is conducted between companies, rather than between a company and individual consumer. 2. Business to Consumers (B2C) • Business to Consumer (B2C) is a business model where businesses sell their products and services to end-users or customers. It allows companies to engage in direct commercial activities with consumers, enabling the latter to have greater accessibility to the former’s products and services. 3. Consumers to Consumers (C2C) • Customer to customer (C2C) is a business model whereby customers can trade with each other, typically in an online environment. Two implementations of C2C markets are auctions and classified advertisements. C2C marketing has soared in popularity with the arrival of the internet and companies such as eBay, Etsy, and Craigslist. 4. Consumers to Business (C2B) • The consumer-to-business (C2B) e- commerce model allows businesses and consumers to have a mutually beneficial relationship. It is the opposite of the traditional business setup: In this relationship, the consumers create value that an organization uses to engage in a business process or gain a competitive advantage. The C2B model sometimes caters to independent workers and freelancers who accomplish paid tasks for a business. 5. Business to Government (B2G) • Business to Government (B2G) refers to when a business sells products, information, or services to federal, state, or local government agencies. With this business model, businesses must bid for contracts by submitting responses to a request for proposal (RFP) solicited by a government agency. 6. Government to Business (G2B) • The category of e-government that focuses on interactions between government and various organizations, including businesses and nonprofits, to support transactions such as contract bids, data collection, and grants. The objective of G2B is to reduce burdens on business, provide one-stop access to information and enable digital communication using the language of e-business (XML). 6. Government to Consumers (G2C) • These are the electronic commerce activities, such as paying taxes, land and vehicle registration, providing information to the public among others, performed between the government and its citizens or consumers. Though these platforms, the government avails essential services to its citizens efficiently. Information that should be in the public domain is conveyed with minimal cost through these platforms.