What is commerce?.
Commerce is the conduct of trade among economic agents.Generally , commerce refers to the exchange of goods or anything of value’.The father of commerce is Poseidon ,according to Greek mythology.As well, Someone say that,”He is god of the sea” according to Greek mythology.Commerce is trade or production which deal with the exchange of good or service from producer to final customer. Moreover,We are able to define selling and buying are primary parts of commerce.
What is E-Commerce?.
Ecommerce, also known as electronic commerce or internet commerce.E-commerce is selling or buying goods and services across The Internet. It is a very famous way in today’s society. Not only that, but most of the business is also using this way of selling their good and service. For example, E channeling , E-ticketing,etc.
Also,there is the e-commerce is circulating in the world very fast.because it is very attractive among people.
Various type of E-commerce.
However,there are five type of E-commerce.They are,
- Business to Business(B2B)
- Business to Customer(B2C)
- Customer to Customer(C2C)
- Business to Government(B2G)
- Mobile Commerce(M-Commerce)
This model focuses on providing products from one business to another. Most of the business is a service provider in this structure. You ‘ll find Document hosting companies, Furniture supply companies, and Financial organization companies and numerous another E-commerce models under this heading.
B2C sales are the traditional retail model, where a business sells to the individual but it is a larger market than the physical market. Most people know this way about E-commerce but it is not limited to e-commerce because it is a larger concept.
In this model, consumer is used by business to sale good and service.For example,There are some website in the world,they use some consumers for provide their good and service and they supply some commission for it.
This model focuses on providing products from one business to the government. Various providers include under the B2G model. One example is synergetics Inc. in Ft, Collins, Colorado.which provides contractors and services for government agencies.
M-commerce is the buying and selling of goods and services through wireless devices. Such as smartphone,tablets..etc. It is a very easy way to buying and selling goods and services.
Advantages of E-commerce
- Not physical limitation for trade.
- Lower cost.
- Better consumer service.
- Consumer can use anytime.
- There are many substitution at the market.
Disadvantages of E-Commerce
- Consumer cannot check their good as physically.
- Late delivery. (sometime)
- Tax at to cost.
- Legal issues.
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