Question

Which of the following is a type of E-commerce?

• A. B$2$B (Business to Business)
• B. B$2$C (Business to Consumer)
• C. C$2$C (Customer to Customer)
• D. All of the above

Answer 1

Answer: (D)

E-commerce:-

E-commerce is the process of buying or selling goods, products or services over the electronic medium. The Internet is used as the primary electronic medium or network to do this type of transaction.

Type of E-commerce:-

1) B2B (Business to Business):-

Business-to-Business (B2B) e-commerce encompasses all electronic transactions of goods or services conducted between companies. Producers and traditional commerce wholesalers typically operate with this type of electronic commerce.

2) B2C (Business to Consumer):-

The Business-to-Consumer type of e-commerce is distinguished by the establishment of electronic business relationships between businesses and final consumers. It corresponds to the retail section of e-commerce, where traditional retail trade normally operates.

3) C2C (Customer to Customer):-

Consumer-to-Consumer (C2C) type e-commerce encompasses all electronic transactions of goods or services conducted between consumers. Generally, these transactions are conducted through a third party, which provides the online platform where the transactions are actually carried out.