E-BUSINESS An E-business also known as electronic business is just like a regular business except it is conducted over the internet. It involves buying and selling goods, serving customers, and collaborating with other businesses. E-Business is similar to E-Commerce except it allows for exchange of information between businesses and customers. Some Industries who use E-business include:
Just like traditional brick and mortar businesses E-businesses follow a specific model or approach when conducting business. The approach is called an E-business model. There are four types of E-business models:
B2B e-businesses focus on selling goods or services to other business. An example of a business-to-business e-business is mightymerchant.com B2C e-businesses focus on conducting business with consumers. This is often times done through an e-store or e-shop. C2B e-business sell goods or services to businesses. A popular consumer-to-business website is priceline.com. Here consumers can negotiate a price with the business. C2C e-business sell goods or services to other consumers. An example of a consumer-to-consumer website is craigslist.org E-businesses have a ton benefits over traditional brick and mortar business because they can be accessed 24/7 from all around the world, they're convenient and they offer a ton of information both for consumer's and businesses. |