Business-to-business – (B2B) - this describes commerce transactions between businesses, such as between a manufacturer and a wholesaler, or a wholesaler and a retailer. Cisco is an example of one of the first B2B catalogs online. Other examples of B2B e-commerce are intranet services and Web meetings.…
All businesses, including small and medium scale industries, no matter their geographical locations, are all beneficiaries of e-banking. It encompasses all kinds of commercial transaction that is conducted on an electronic medium, mostly through the internet. E-banking links business to customers no matter their geographical location. It allows companies to make new business contacts from different global business alliances, test new products and services, and make market research and other enquiries all at a minimal cost both financial and otherwise.…
Business-to-business (B2B) basically describes commerce transactions and interactions between different businesses, for example, between a wholesaler and a manufacturer, or a retailer and a wholesaler and is generally the selling process of goods and services between businesses. B2B transactions usually involve large sumы of money, and normally take more time to be conducted than, for example, business-to-consumers (B2C) transactions.…
Bly, R.W. (n.d.). B2B and B2C marketing: seven differences. Retrieved on August 25, 2005 from http://www.pictoucountyconnects.com/?At+Work/Business+Articles/B2B+and+…
B2C refers to businesses that sell to consumers online, such as Walmart’s website, Fingerhut, and other’s department stores or online stores. B2B are businesses that sell to other businesses such as wholesale items, equipment, etc. C2C refers to consumers dealing with each other, such as EBay. P2P helps people share files and computer sources without interacting with a central web server. M-Commerce is where consumers interact with each other with a mobile device that could lead to business.…
Business to business (B2B) and Business to Consumer (B2C) marketing are thought to be only on-line types of marketing when in fact they are also offline. Marketing programs like direct marketing, advertising, and events are done for both types of businesses; these activities are just done differently. The characteristics of the types of business are fundamentally different. A B2B organization is/has:Relationship drivenMaximize the value of the relationshipSmall, focused target marketMulti-step buying process, longer sales cycleSupport Educational and awareness activitiesRational buying decision based on business valueKnow your customers. In a B2B environment whether your target audience is another business owner, an upper level business manager, an office supply clerk, or a seasoned buyer a businesss marketing plan must know how to attract and maintain the relationship. A B2Bs marketing plan is more effective in accomplishing this goal by understanding their customers particular need and offer solutions, services, or products that fit that specific need. When formulating a marketing plan it is important to remember the person making the purchase usually knows the product well and is less likely to be responsive to flashy marketing techniques. This type of customer is more responsive to price, delivery requirements, level of service, product information, and other value-adds. In general, the purchase is rarely transaction driven, and the customer is likely researching new ideas, looking for a new vendor, or better pricing, and will not be making a…
The difference between B2B and B2C is the customer requirement. B2C focuses on individual customer transactions, whereas B2B focuses on other businesses as the consumer. This difference creates different needs for B2B applications.…
As payment is an integral part of mercantile process, electronic payment system is an integral part of ecommerce. The emergence of e-commerce has created new financial needs that in many cases cannot be effectively fulfilled by traditional payment systems. E-payment systems are becoming central to ecommerce as companies look for ways to server customers fasters and at lower cost, thereby paving way for new business opportunities…
According to (Adam, Z.R.), the major different types of e-commerce (B2B) Business-to Business, (B2C) Business-to-Consumer, (B2G) Business-to-Government, (C2C) Consumer-to-Consumer and M-commerce which is mobile commerce.…
The spread of the internet has opened a new way of businesses to connect with potential customers. While the traditional businesses are still around, e-business has been growing at a steady rate. The main differences between e-business and traditional business include the kind of customer interaction available, accessibility and the expenses.…
E-commerce can be defined as, “ICT mediated transactions between an organization and its customers, suppliers and employees. It simply means that transactions between a firm and its customers and suppliers are transmitted over computer networks.”(Simon Fraser). Ecommerce has many advantages as well as disadvantages. I will attempt to elaborate on some of those advantages and disadvantages from both the buyer and seller point of view.…
Thousands of businesses are selling goods and services through electronic commerce, including the Web and private electronic networks. Selling through electronic commerce is a rapidly growing channel for sales to both retail consumers and businesses.…
The Internet has proved to be the perfect vehicle for e-commerce because of its open standards and structure. No other methodology or technology has proven to work as well as the Internet for distributing information and bringing people together. It’s cheap and relatively easy to use it as a conduit for connecting customers, suppliers, and employees of a firm. No other mechanism has been created that allow organizations to reach out to anyone and everyone like the Internet.…
Businesses are able to take advantage of electronic banking which allows them to check their bank account records in real time – saving time and helping ensure that payments due have been made and received, and also to operate the bank account within any agreed overdraft limit.Large and overseas payments can be made quickly and securely with on-line banking, as long as the business has its own security checks to protect against theft by staff or by anyone else who managed to obtain account details and passwords.EFTPOS Electronic Funds Transfer at Point Of Sale is familiar to most of us in the form of card readers that swipe credit and debit cards for payments. This has the…
E-commerce is the buying and selling of goods and services, or the transmitting of funds or data, over an electronic network, primarily the Internet (Rouse). These business transactions occur in business-to-business, business-to-consumer, consumer-to-consumer or consumer-to-business (Kinjal, 2014). The terms e-commerce and e-business are often used interchangeably. E-commerce is conducted using a variety of applications, such as email, fax, online catalogs and shopping carts and web services (Rouse). Most of this is business-to-business, with some companies attempting to use email and fax for unsolicited ads to consumers and other business prospects, as well as to send out e-newsletters to subscribers. The benefits of e-commerce include it’s around the clock availability, the speed of access, a wider selection of goods and services, accessibility, and international reach (Rouse). It’s perceived downsides include sometimes limited customer service, not being able to see or touch a product prior to purchase, and the necessitated wait time for product shipping.…