What is B2C e-commerce?
B2C e-commerce,Business-to-consumer e-commerce, or commerce between firms and customers, involves customers gathering information; getting physical product (i.e., tangibles cherish books or client products) or info product (or product of electronic material or digitized content, cherish package, or e-books); and, for info product, receiving product over AN system
It is the second largest and therefore the earliest kind of e-commerce. Its origins are often copied to on-line selling (or e-tailing). Thus, the a lot of common B2C business models area unit the web selling firms cherish Amazon.com, Drugstore.com, Beyond.com, Barnes and Noble and ToysRus. alternative B2C examples involving info product area unit E-Trade and Travelocity.
The a lot of common applications of this sort of e-commerce area unit within the areas of buying product and knowledge, and private finance management, that pertains to the management personal investments and finances with the utilization of on-line banking tools B2C e-commerce reduces transactions prices (particularly search costs) by increasing client access to info and permitting customers to seek out the foremost competitive worth for a product or service.
B2C e-commerce additionally reduces market entry barriers since the price of putt up and maintaining an internet website is way cheaper than putting in a “brick-and-mortar” structure for a firm. within the case of knowledge product, B2C e-commerce is even a lot of enticing as a result of it saves companies from resolution within the further price of a physical distribution network. Moreover, for countries with a growing and strong net population, delivering info product becomes more and more possible.
What is B2G e-commerce?
Business-to-government e-commerce or B2G is mostly outlined as commerce between firms and therefore the public sector. It refers to the utilization of the web for public procurance, licensing procedures, and alternative government-related operations. this type of e-commerce has 2 features: initial, the general public sector assumes a pilot/leading role in establishing e-commerce; and second, it’s assumed that the general public sector has the best want for creating its procurance system simpler. Web-based getting policies increase the transparency of the procurance method (and reduces the danger of irregularities).
To date, however, the scale of the B2G e-commerce market as a part of total e-commerce is insignificant, as government e-procurement systems stay undeveloped.