Name the basic model of e - commerce business?
Answers
E-commerce, or electric commerce, is the process of buying and selling of various products and services by businesses through the internet.
Nowadays e-commerce has become very popular among the people who want to buy and sell different things because of the convenience it offers and the cost benefits to retailers and the cost savings to the customers, and also the secrecy it offers.
E-commerce draws on such technologies as electronic funds transfer, supply chain management, internet marketing, online transaction processing, electronic data interchange (EDI), inventory management systems, and automated data collection systems.
Modern electronic commerce typically uses the World Wide Web at least at one point in the transaction's life-cycle, although it may encompass a wider range of technologies such as e-mail, mobile devices and telephones as well.
E-commerce is the purpose of internet and the web to conduct business but when we concentrate on commercial deals among organizations and individuals demanding selective information systems under the guarantee of the firm it accepts the form of e-business. Nowadays, the word ‘e’ is hitting momentum.
There are primarily five types of e-commerce models:

1. Business To Consumer (B2C)
Business to consumer is the first type of e-commerce that is also the most common one. It is also known as B2C model. In this type online business selling is offered to individual customers. This type started to expand after 1995 and now became one of the most common e-commerce.
The B2C model works by retailers and marketers that use clear data in various marketing tools so can sell their products to the internet users.
The internet users can use the shopping cart for everything they need. Payment is mostly done through credit cards or by payment gateways like the PayPal.
Direct interaction with the customers is the main difference with other business model. B2C normally deal with business that are related to the customer. The basic concept of this model is to sell the product online to the consumers.
2. Business To Business (B2B)
Business to business, known as B2B model, is the largest e-commerce model that is based on revenue which involves trillions of dollars. In this both the buyers and sellers are business entities. B2B describes commerce transactions between businesses, such as between a manufacturer and a wholesaler, or between a wholesaler and a retailer.
The volume of B2B transactions is much higher than the volume of B2C transactions and any other transaction.
The primary reason for this is that in a typical supply chain there will be many B2B transactions involving sub components or raw materials, and only one B2C transaction, specifically sale of the finished product to the end customer.
Benefits of B2B model:
Encourage businesses online.
Products import and export.
Determine buyers and suppliers.
Position trade guides.

3. Consumer To Consumer (C2C)
Consumer to consumer (C2C) or citizen-to-citizen electronic commerce involves the electronically facilitated transactions between consumers through some third party. A common example is the online auction, in which a consumer posts an item for sale and other consumers bid to purchase it; the third party generally charges a flat fee or commission.
The sites are only intermediaries, just there to match consumers. They do not have to check quality of the products being offered.
The C2C model facilitates online transactions of goods and services between the individual net users. But in this both the web users or both the parties cannot carry out any transaction without the platform that is provided by an online market maker such as the eBay.
There is also the Customer to Business (C2B) model which is relatively less common. It's a complete reversal of the traditional sense of transaction, but could be found in crowdsourcing based projects.
4. Peer To Peer (P2P)
Peer to peer, peer-to-peer or usually said as P2P, is a communications model in which each party has the same capabilities and either party can initiate a communication session.
This type that is a technology that helps their customers to share a computer resource and computer files to anyone they require without the need of a central web server.
In recent usage, peer-to-peer has come to describe applications in which users can use the internet to exchange files with each other directly or through a mediating server. In some cases, peer-to-peer communications is implemented by giving each communication node both server and client capabilities.
Those who are going to implement this model, both sides demand to install the expected software so that they could convey on the mutual platform.
This kind of e-commerce has very low revenue propagation as from the starting it has been tended to the release of use due to which it sometimes caught involved in cyber laws.
e-Commerce business models can be divided into six major types, such as:
Business-to-Business (B2B): This sort of eCommerce comprises of all the electronic exchanges and dealings identified with the merchandise and ventures. These fundamentally are directed among organizations and incorporate ordinary wholesalers and makers managing retailers.
Business-to-Consumer (B2C): The Business-to-Consumer eCommerce is identified with the exchanges and connection among organizations and the end clients. This is for the most part to do with the retail eCommerce exchange that happens on the web. With the commencement of the web, B2C eCommerce has advanced as it were. Today, we discover scores of electronic shopping destinations and virtual stores on the web, that move heap items, running from PCs, form things to even necessities.
For this situation, the client has more data about the items as educational substance and there is additionally an opportunity to purchase items at less expensive rates. Most occasions, speedy conveyance of the request is additionally kept up.
Shopper to-Consumer (C2C): This comprises of electronic exchanges of items and administrations between two clients. These are for the most part led through an outsider that gives an online stage to these exchanges. Destinations, where old things are purchased and sold, are instances of C2C eCommerce.
Purchaser to-Business (C2B): In this, an entire inversion of the moving and purchasing process happens. This is exceptionally applicable for publicly supporting activities. For this situation, people make their things or administrations and pitch them to organizations. A few models are proposition for organization site or logo, sovereignty free photos, structure components, etc.
Business-to-Administration (B2A): In this sort of eCommerce exchange, there are dealings among organizations and open organization. It incorporates distinctive administrations, for example, government managed savings, monetary measures, authoritative archives, work, etc.
Buyer to-Administration (C2A): In this eCommerce show, electronic exchanges are conveyed among people and open organization. A few precedents are remove learning, data sharing, electronic expense documenting, etc.