Question

Define the term, e-commerce. Differentiate among B2C, C2C, and B2B e-commerce.

a) Electronic transactions; B2C - Business to Consumer, C2C - Consumer to Consumer, B2B - Business to Business
b) Online sales; B2C - Business to Customer, C2C - Consumer to Company, B2B - Business to Business
c) Digital commerce; B2C - Business to Client, C2C - Consumer to Consumer, B2B - Business to Buyer
d) Internet trade; B2C - Business to Customer, C2C - Customer to Customer, B2B - Business to Business

Answer 1

E-commerce refers to buying and selling goods and services online. It includes B2C, C2C, and B2B types of e-commerce.

Step-by-step explanation:

E-commerce refers to the buying and selling of goods and services over the internet. There are three main types of e-commerce:

1. B2C (Business to Consumer): In B2C e-commerce, businesses sell products directly to individual consumers. For example, when a person buys a book from an online retailer like Amazon.
2. C2C (Consumer to Consumer): In C2C e-commerce, individual consumers sell products directly to other consumers. Online marketplaces like eBay or Etsy are examples of C2C platforms.
3. B2B (Business to Business): In B2B e-commerce, businesses sell products or services to other businesses. For example, a manufacturer selling raw materials to another company.