It?s not difficult to explain how e commerce works. The exchange of goods and / or services over the internet is known as E commerce.
When you buy anything from any online store such as eBay, Amazon.com, you automatically participate in e commerce. Using online sources such as Napster or iTunes to download music is also a form of e commerce. First, lets discuss the different types of e commerce to help you understand it better.
B2B: The oldest form of e commerce is B2B or business-to-business e commerce. Back in the 1960s, banks and other businesses began sharing and transferring files and information electronically. Due to lack of a standard for conducting this business, all businesses could not successfully transfer with each other. Thus the sharing of files and information was restricted. B2B e commerce really came into being, when a steadfast standard was set up in the 80s. All were following a uniform technique, which facilitated an easy exchange of files.
C2C: Consumer-to-consumer or C2C is one of the well known forms of e commerce today. If you see an ad posting on an electronic board or an online auction and you purchase something online by responding to it then you have participated in consumer to consumer e commerce, the only condition being that you purchase from a person rather than a business. Online auctions are the most popular form of consumer-to-consumer e commerce till date eBay is a massive auction site which allows anyone to put their goods online for sale to the highest bidder.
P2P: P2P or peer-to-peer e commerce started with Napster, where users shared files for free. Today you can find many similar websites and file-sharing programs and systems online.
B2C: Business-to-consumer forms a major portion of overall e commerce transactions and hence it must be necessarily mentioned while explaining the working of e commerce. An electronic download or an item that needs to be shipped, if purchased by anyone at an online store or website, is considered as e commerce. It is necessary to keep the following things in mind to explain how e commerce works.
E commerce comprises of one or more of the following, all of which are transactions that are conducted online: Information exchange or Money transfers or Goods/Services exchange. You can explain how e commerce can be favorable by using simple concepts. For instance, if you wish to purchase a book, there are several online bookstores which you can use to compare the prices of that book and find the lowest one. While narrowing down to the store which will ship the book to you at the earliest and charge you the lowest cost, it is essential that you compare the shipping costs and shipping times of different providers.
All of this can be achieved without having to stand in line, fight crowds, or spend money for transportation or gas. So when you consider that you can comparison shop this way for small items and large alike, it?s easy to see the advantages e commerce offers you. Though we can go on to actually cover the various advantages of e commerce, you will experience them personally when you actually purchase an item using this method.
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Source: http://www.claynekeegan.com/ecommerce/working-of-e-commerce-explained-in-simple-words/
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