Emerging Modes of Business Test - 4

Business-to-employee (B2E) electronic commerce uses an intrabusiness network which allows companies to provide products and/or services to their employees. Typically, companies use B2E networks to automate employee-related corporate processes.

An ''rebidding''is an electronic bidding event (without awarding commitment) according to defined negotiation rules (agreement). A buyer and two or more suppliers take part in this online event.

C2C represents a market environment where one customer purchases goods from another customer using a third-party business or platform to help facilitate the deal. C2C businesses are a new type of model that has arisen with e-commerce technology and the sharing economy.

The term outsourcing often refers to offshore outsourcing, or the practice of exporting work outside of the United States to companies in less-developed countries, where there tend to be lower labor costs. 

Customer to customer (C2C) markets provides an innovative way to allow customers to interact with each other.

Business to Customer (B2C), sometimes referred to as Business to Consumer, describes the activities of businesses in selling products and/or services. Money withdrawn through ATM is B2C type of e-business transaction.

Business to consumer (B2C) is business or transactions conducted directly between a company and consumers who are the end-users of its products or services.

A VPN, or Virtual Private Network, is a type of network connection that allows users to browse the web securely and anonymously.

A call centre is a central place where Customer Care Associates (CCA) handles queries of customers over the telephone. A Call Centre handles Both customer facing and back-end business.Customers can also make use of call centers set up by companies to make toll free calls to make queries and lodge complaints round the clock at no extra cost to them.

It means - Business-to-business buying and selling. Gathering and using demographic data through web contacts and social media. 

It is business transactions which occur either as business-to-business, business-to-consumer, consumer-to-consumer or consumer-to-business.

E-commerce (electronic commerce or EC) is the buying and selling of goods and services, or the transmitting of funds or data, over an electronic network, primarily the internet. These business transactions occur either as business-to-business, business-to-consumer, consumer-to-consumer or consumer-to-business.

Customer to Business (C2B), sometimes known as Consumer to Business, is the most recent E-Commerce business model. In this model, individual customers offer to sell products and services to companies who are prepared to purchase them. 

Business to Business Commerce also called B to B or B2B, is a type of transaction that exists between businesses, such as one involving a manufacturer and wholesaler, or a wholesaler and a retailer.

Cash on delivery (COD), sometimes called collect on delivery, is the sale of goods by mail order where payment is made on delivery rather than in advance.

Credit cards – The easiest form of electronic money that is available and most widely used today.

Debit card – The second largest e-commerce payment medium in India Debit Cards and Netbanking. Very often, for customers who want to stay within their spending capacity, paying for things online using a debit card proves to be a preferred choice.  With the debit card, one can only pay for purchased goods with the money that already exists in the current or savings accounts as opposed to the credit card where the amounts that the buyer spends are accumulated and have to be paid for as a bill at the end of the billing period. 

Debit Card, Credit Card and Net banking are very popular method for making online transactions.

Outsourcing is a practice used by different companies to reduce costs by transferring portions of work to outside suppliers rather than completing it internally. Outsourcing is an effective cost-saving strategy when used properly.

B2B (business-to-business), is the exchange of products, services or information between businesses, rather than between businesses and consumers.

This refers to transactions between the parties or persons who are the part of one firm only.It is transactions within the firm that is why it is called intrafirmGenerally, a firm has to deal with its suppliers, customers, employees etc. These are called intra B-commerce interactions.

Consumer-to-business (C2B) is a business model in which consumers (individuals) create value and businesses consume that value.

The business originates from the consumer and the ultimate destination is also consumers, thus the name C2C commerce. This type of commerce is best suited for dealing in goods for which there is no established market mechanism.

Intra-B Commerce refers to transactions between the parties or persons who are the part of one firm only.It is transactions within the firm that is why it is called intrafirm.Generally, a firm has to deal with its suppliers, cutomers, employees etc. These are called intra B-commerce interactions.

Contract R&D is an outsourcing activity not cover under e-business

Electronic trading, sometimes called etrading, is a method of trading securities (such as stocks, and bonds), foreign exchange or financial derivatives electronically. Information technology is used to bring together buyers and sellers through anelectronic trading platform and network to create virtual market places.

Since the population is young, educated and in huge number, the cost on training the man power, cost of capital investment and overheads can be nullified while setting up a call center in India.

C2C Commerce, (Customer-to-Customer) or (Consumer-to-Consumer) -  is a business model that facilitates the transaction of products or services between customers.

Limitations of e – business:-

1. Low personal touch

2. Ethical fallouts

3. Risk

4. Security

E-business is the conduct of business processes on the internet. where as E-commerce is a subset of Ebusiness.

Business to consumer (B2C) is business or transactions conducted directly between a company and consumers who are the end-users of its products or services. The business-to-consumer as a business model differs significantly from the business-to-business model, which refers to commerce between two or more businesses.

Traditional business is a local store which offers its services or products to its local customers. It is a set-up where customers will have to visit the store physically to buy the products. Traditional business is easy to form comparatively.