E-Commerce, Model, and Example

E-commerce, Model, and Example

Title

Javad Farrokhi

Bristol University

Professor Singh

Assignment 3

January 2015

Abstract

Quick glance, at recent history of business in this century, significant that business expansion has been considerably accelerated by Technology specifically by IT. This business expansion has brought new ways to profitability, and the most recent and efficient one is called E-commerce.

Buying and selling of products and services through the net or other digital devices based on internet is called E-Commerce. ’’E-commerce is conducted using a variety of applications, such as email, fax, online catalogs and shopping carts, Electronic Data Interchange (EDI),File Transfer Protocol, and Web services’’. Time and cost efficiency, easy to use by basic knowledge of Internet, revenue sources are many, and barriers to entry are low, are the characters of this new type of business. E-commerce is not still common with all its advantages in some part of the world due to the internet limitation, and untouchable product.

E-commerce, Model, and Example

There are different types of E-Commerce that each of them have different functions and characters, in this part, we are going to define them by giving example of each.

The first type of E-Commerce is Business to Business (B2B). ‘’This kind of e-commerce involves companies doing business with each other. One example is manufacturers selling to distributors and wholesalers selling to retailers’’. One of the world's biggest B2B marketplaces is Alibaba. Alibaba is online trading website which connects wholesaler and manufacture together. ‘’We provide technology and services to enable consumers, merchants, and other participants to conduct commerce in our ecosystem’’. Other example of this sort of E-Commerce is Fastenal, Fastenal is the company which produces construction products.

Second type of E- Commerce is Business to Consumer (B2C). When individual customers buy products or services from...