Monday, July 8, 2019

What is e commerce?

e - commerce දැනගන්න - ITN Digital with 

LK Domain Registry -By : Mr. Niranka T. Perera  

E commerce is a commercial transaction.  e commerce is a term for any type of business, or commercial transaction which involves the transfer of information across the Internet. i.e.this means that whenever you buy and sell through Internet, you’re involved in      e commerce.

Classifying e commerce:

·                    Service-based.
·                    Digital products basis
·                    We can clarify Types of e commerce websites. 

Classifying e commerce merchants can be categorized to :
Stores that sell physical goods
Service-based e-trailers
Digital products etc.,
Classifying e commerce merchants according to what they’re selling
Classifying e commerce according to the parties involved
E commerce platforms

Business terms of e-commerce:Business to consumer (B2C)- businesses are the ones selling products or services to end-users (i.e. consumers) etc., 

Business to business (B2B)- transactions conducted between two businesses

Consumer to business (C2B)- Consumer to business ecommerce happens when a consumer sells or contributes monetary value to a business.

Consumer to consumer (C2C)-when something is bought and sold between two consumers. C2C commonly takes place on online marketplaces such as eBay,

Government to business (G2B)-G2C transactions take place when a company pays for government goods, services, or fees online.

Business to government (B2G) -When a government entity uses the Internet to purchases goods or services from a business, the transaction may fall under B2G ecommerce.

Consumer to government (G2C)-Consumers can also engage in B2C ecommerce. i.e. car registration renewals online payments

Information gathered with the help of Internet : J.Gammampila