difference between e-commerce and online shopping
Answers
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According to Candice V Cunningham, founder of the nonprofit organization The Black Ecosystem in Chicago, e-commerce refers to all aspects of operating a business online, and online shopping refers to the online selling and purchasing of goods and services.
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E-Commerce
There are several models of e-commerce. The most common models are business to consumer (B2C), business to business (B2B), consumer to consumer (C2C), and consumer to business (C2B), explains Candice Cunningham. E-commerce also involves various types of transactions such as retail — or sale of a product by a business to a customer without an intermediary, wholesale (the sale of products in bulk), drop shipping (the sale of a product, which is shipped to a consumer via a third party), crowdfunding, subscription services, digital products and services as well as physical products.
Online Shopping
Online shopping, on the other hand, is an e-commerce activity which involves purchasing items on a seller’s website via credit or debit card, and having the item delivered to your home. Online shopping also involves searching for items online via web searches and by conducting online research. Online shopping is only one aspect of what we know as e-commerce, states Candice Cunningham.
With online shopping, customers purchase items from anywhere in the world via a digital platform. Access to a global marketplace is the best benefit of online shopping. Online shopping is also great for those who want to avoid stores and long line ups, and for those who are too busy to shop in traditional brick and mortar retail stores. Once you order a product online, it then is shipped to your home in as little as 24 hours. Many retailers are beginning to move more of their stock to being online only. Amazon, one of the largest businesses in the world, is only online.