Name and describe various categories of e-commerce.
There are three major categories of e-commerce business-to-consumer, business-to-business, and consumer-to-consumer. The first category business-to-consumer involves selling products and services to individual consumers. Amazon.com, which sells books, apparel, music, books, and electronics to individual consumers. Business-to-business is the exchange of products, services, or information between businesses rather than between businesses and consumers. An example of (B2B) would be a canned goods manufacturer buying wholesale produce from farmers or middle men. Consumer-to-consumer involves consumers selling directly to consumers. A few examples of C2C are eBay, the giant of online auctions where consumers sell and buy merchandise and Craigslist the most widely used site for consumers to buy and sell merchandise directly from others. Another way of classifying electronic commerce transactions is in terms of the platforms used by participants in a transaction. Until recently, most e-commerce transactions took place using a personal computer connected to the Internet over wired networks. Two wireless mobile alternatives have emerged: mobile smartphones and dedicated e-readers like the Kindle using cellular networks, and mobile smartphones and small tablet computers using Wi-Fi wireless networks. The use of handheld wireless devices for purchasing goods and services from any location has been termed mobile commerce or m-commerce. Both business-to-business and business-to-consumer e-commerce transactions can take place using m-commerce technology. (Laudon & Laudon essentials of MIS 2011)
Compare and contrast electronic payment systems. Which type do you use most often? Which type is most applicable for organizations you interact with regularly?
The most common form of electronic payments are cards. There are three types of cards, credit, debit and prepaid cards. They typically are made of plastic and...
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