E-Commerce: Transforming Business in a New Era

E-commerce

Scope of E-Business 

Explanation of the scope of e-Business can be listed as hereunder:

• There are a large number of people involved in e-commerce, such as the transporter, seller, buyer, intermediary, delivery agency and many more such organisations, which provide a huge base of employment to the various sections of society.

• It promotes digitalisation not only in terms of the selling of goods but due to the availability of various modes of payment such as phone pe, Paytm, wallet and many such agencies.

• The database is integrated from a centralised system. Hence there is a quick update of the data, which is how faster transactions are processed and reach the customers on time.

Online Shopping

Difference between the E-business and Traditional Business

Directions for the E-Business 

There are 4 kinds of direction of E-business

1. B2B Commerce (Business-to-Business)

In this case, the business provides services or provides manufactured goods to other businesses in order to generate revenue

2. B2C Commerce (Business-to-Consumer)

B2C commerce directly serves the final consumers by delivering goods directly to the final consumers and eliminating the intermediaries.

3. B2G Commerce (Business-to-Government)

Here the business enterprise provides goods either to the central government or state government or some local authorities. They may also be provided to the government corporations in the case of B2G Commerce.

4. C2C Commerce (Consumer-to-Consumer)

Sometimes, one consumer sells goods to another consumer in order to generate income in the form of brokerage or commission. Such a type of direction is known as C2C commerce.

Directions of E-Business

Case Study

Vishal has recently started his business. His friend Nishad insists on him selling goods via an e-commerce platform, but Vishal refuses to do so. So in favour of Nishad, enlist some benefits of e-commerce.

Ans: The benefits available to Vishal are as under

1. It attracts a large customer base from anywhere in the world.

2. It brings uniformity to scaled business

3. The entry is very easier into the e-commerce business

4. Elimination of time delays in respect of payments and in delivery of goods

Conclusion

E-commerce has eased the life of humans, it now becomes just a click and then done. There is a need to shift every enterprise on e-commerce to beat the competition. Anytime and anywhere is the most important keynote for e-commerce.