Week 7 Checkpoint

Week 7 Checkpoint

1. Name and describe various categories of e-commerce.

E-commerce is the process of buying and selling of various products and services by businesses through the Internet. E-commerce is the purpose of Internet and the web to Conduct business but when we concentrate on commercial deals among organizations and individuals demanding selective information systems under the guarantee of the firm it accepts the form of e-business. There are primarily five types of e-commerce models: Business to Consumer (B2C), Business to Business (B2B), Consumer to Consumer (C2C), Peer to Peer (P2P) and m-Commerce. B2C stands for Business to Consumer as the name suggests, it is the model taking businesses and consumers interaction. Online business sells to individuals. The basic concept of this model is to sell the product online to the consumers. B2B stands for Business to Business. It consists of largest form of Ecommerce. This model defines that Buyer and seller are two different entities. It is similar to manufacturer issuing goods to the retailer or wholesaler. The benefits of B2B are encouraging your businesses online, products import & export, determine buyers & suppliers and position trade guides. C2C stands for Consumer to Consumer. It helps the online dealing of goods or services among people. Though there is no major parties needed but the parties will not fulfill the transactions without the program which is supplied by the online market dealer such as eBay. P2P is a discipline that deal itself which assists people to instantly shares related computer files and computer sources without having to interact with central web server. M-Commerce deals with conducting the transactions with the help of mobile. The mobile device consumers can interact with each other and can lead the business. Mobile Commerce involves the change of ownership or rights to utilize goods and related services.

2. Compare and contrast electronic...