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E-commerce as a term used in commercial business that entails transferring of various information using the internet. It encompasses different fields from auction to business, music sites and various online sites for customers.
The benefit of e-commerce is that consumers can check into different online stores, make price comparisons and make informed decisions before purchase. Emerging trends is turning online shopping into a social event where some e-commerce sites are using their customers’ friends’ preferences to help them be knowledgeable about products before purchase. Like Amazon makes their customers link their Facebook pages favorite artists and musicians. Example of the consumer-to-consumer website is ciafrica.com. This does surveys regarding a consumer’s often mostly in market research.
Peer-to-peer is a service design that connects computers to end users. Internet has led to the introduction of digital copyright where Berne convention is a body that deals with a look at reproduction rights and copyrights. An example is Limeware which is a clean, safe, virus and malware free p2p software. It has build in media player with optimized search result. It supports download from multiple hosts.
Business-to-business (B2B) describes trading that exists between the retailer and wholesaler as well as producer and wholesaler. Many businesses are now using social media within the business so employees can connect with one another thus e-commerce helps in improving information flow. An example is Made-in-China.com which is known for selling offers to many consumers worldwide. Currently, all suppliers are from China. Rapid technology innovation has created a smart, mobile world where smart mobility has changed the way people interact. A smart device is used to access the internet and has created new opportunities and playersfor several industries related to smart technology.
Consumer-to-business is a business conducted with involvement of a consumer and company. The consumer has a variety of products to choose from the conveniences of his home. An example is Microsoft.com that provides online services that creates and is valuable to a customer. Consumers can do a lot like access services like downloads and get information in relation to different products.
In conclusion, e-commerce is a commercial trading that uses the internet to share business information across. With e-commerce, customers are able to make informed decisions before purchase, emerging markets and new opportunities are created with changes in technology and consumers can compare prices and make purchases at the comfort of their homes.
It is a commercial transaction that entails using the internet to do business and share information. With e-commerce, customers are able to make informed decisions before purchase, emerging markets and new opportunities are created with changes in technology and consumers can compare prices and make purchases at the comfort of their homes.