Question

Shenoy wanted to sell his mobile phone but does not get any buyer. On his friend's suggestion he
posted the mobile on sale at www.olx.com and found a buyer within two days. Identify and state
the type of e-business highlighted here​

Answer 1

Answer:

C2C commerce is stated here.

C2C Commerce

Here, in this type of e-business , The business originates from the consumer and the ultimate destination is also consumer, Thus the Name C2C commerce. This type of commerce is best suited for dealing in goods for which there is no established market mechanism. The vast space of the internet allows persons to globally search for potential buyers. Additionally, e-commerce technology provides market system security for such transactions.

The perfect example of this is found at E-bay where consumers sell their goods and services to other consumers. E bay allows all the sellers and buyers to rate one another.

Another technology that has emerged that payment activities to support the C2C commerce, PayPal is a good example for this.

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