E-Commerce

Assalamu’Alaikum My name is Mohammad Yeasin Al Fahad and today we will talk about E commerce.It is one of  the most trading topic that i want to discuss and brothers and sisters believe me or not after few years this e commerce will improve more.

 

E-Commerce is a new way to buying and selling products over internet. And It became one of the best business essential things.Cause E commerce will allow you to buy things from your home and give you services as many as possible. E-commerce will obviously the next trading issue.

Electronic commerce, also known as e-commerce, is the buying and selling of goods over the Internet. Electronic commerce is fast-growing and widely used in part because it provides incentives for both buyers and sellers. From the buyer’s perspective, goods and services can be purchased at any time of day or night from any location that has an Internet connection. From the seller’s perspective, the costs associated with owning and operating a retail outlet can be eliminated. Another advantage is reduced inventory. Traditional stores maintain an inventory of goods in their stores and periodically replenish this inventory from warehouses. With e-commerce, there is no in-store inventory and products are shipped directly from warehouses. While there are numerous advantages to e-commerce, there are disadvantages as well. Some of these disadvantages include the inability to provide immediate delivery of goods, the inability to “try on” prospective purchases, and questions relating to the security of online payments. Although these issues are being addressed, very few observers suggest that e-commerce will replace bricks-and-mortar businesses entirely.It is clear that both will coexist and that e-commerce will continue to grow.

 

Business-to-consumer (B2C)

his types of commerce involves the sale of a product or service to the general public or end users. It is the fastest-growing type of e-commerce. Whether large or small, nearly every existing corporation in the United States provides some type of B2C support as another means to connect to customers. Because extensive investments are not required to create traditional retail outlets and to maintain large marketing and sales staffs, e-commerce allows start-up companies to compete with larger established firms. The three most widely used B2Capplications are for online banking, financial trading, and shopping. Amazon.com is one of the most widely used B2C sites.

Consumer-to-consumer

Consumer-to-consumer (C2C) commerce involves individuals selling to individuals.submit bids electronically. Like traditional auctions, sometimes the bidding becomes C2C often takes the form of an electronic version of the classified ads or an auction. Web auctions are similar to traditional auctions except that buyers and sellers seldom, if ever, meet face to face. Sellers post descriptions of products at a website, and buyers highly competitive and enthusiastic. One of the most widely used auction sites is eBay.com. One of the most using C2C e-commerce is like bikroy.com in Bangladesh.

 

Business-to-business

Business-to-business (B2B) commerce involves the sale of a product or service from one business to another. This is typically a manufacturer-supplier relationship. For example, a furniture manufacturer requires raw materials such as wood, paint, and varnish. Ali-baba.com is one of the most uses B2B e-commerce.