James Khuri pointed out that, there are various varieties of e-commerce, each with its own set of items and business-to-consumer transactional connections. Direct sales (where a company sells directly to the customer); bulk sales (where a company sells to a retailer and then sells directly to the customer); and third-party production, shipping, and distribution are all instances of e-commerce. Consumers' money is collected in advance, and recurrent transactions are made automatically until the subscriber cancels.
Business-to-business (B2B) e-commerce, in general, refers to transactions between firms. A firm buys or sells a product or service in this sort of internet commerce. Businesses may use the Internet to trade with one another and manage their finances. B2B e-commerce refers to sales and interactions between businesses, but it may also include interactions with consumers.
In James Khuri’s opinion, buying physical books online and having them delivered to your home or workplace is an example of business-to-consumer (B2C) e-commerce. Digital music, such as iTunes or Spotify, may also be purchased entirely online. While each of these instances is unique, the finest ones all include companies that provide goods and services to other companies. A few instances of B2C transactions are shown below.
B2C platforms are made up of groups of like-minded individuals that host tailored adverts and enable businesses to sell directly to customers. Facebook, Quora, Spotify, Netflix, and other social media platforms are all instances of B2C platforms. These communities may be used by businesses to target certain demographics and grow their company. Businesses may expand their market share by selling directly to customers. This form of online commerce is also a fantastic opportunity for shops to connect with their customers.
Consumers and companies have a mutually beneficial connection in B2C e-commerce. Consumers generate value for businesses, which they then employ to participate in business operations and gain a competitive advantage. We'll look at B2C e-commerce and compare it to its competitors in this post. Both forms of e-commerce have their own set of benefits and drawbacks, so make sure you choose the proper one for your company.
Businesses are typically regarded to be performing business-to-business e-commerce when they offer their goods and services to one another via the Internet. In most B2B transactions, two entities with equivalent buying and selling power are involved. A manufacturing, for example, could need many tons of steel, which it can readily get from a metal fabrication firm that provides cheap price and rapid shipment. The manufacturer and fabricator will eventually form a long-term partnership that benefits both sides.
James Khuri believes that, B2B e-commerce has exploded in popularity in recent years, providing several advantages to both consumers and sellers. Just-in-time manufacturing is one of them (JIT). By ordering supplies as required, JIT Manufacturing decreases the amount of time items sit in inventory. Unfortunately, this procedure is prone to human error: order forms may be forgotten or lost, sales agents may be tardy to process orders, and production requirements may be underestimated or overestimated.
