part 8

Question 1

Explain B2B?

Answer 1

Refers to the commerce that takes place between two commercial entities or companies. B2B refers to the relationships ans activities that a company carries out with it’s suppliers, such as merchandising supply, the planning of production, aid in development of a product, or relations to professional clients.

Question 2

Explain B2C?

Answer 2

The b2b section is much bigger than the b2c transactions. One of the reasons is the fact that companies which had adopted E-commerce technologies are many more compared to what consumers have done. Ir refers to the relationships that business carries out with it’s customers such as sales and/or services. Usually between companies and customers via internet.

Question 3

Explain C2B?

Answer 3

It’s particular from trading. The customers themselves propose. a price for a particular good/service, then the companies have the chance to accept or decline the offer. All this is done through special intermediary websites which have the task of sorting out the bids of the potential customers to the various companies.

Question 4

Explain C2C?

Answer 4

Transactions that take place between individuals via computer through dedicated websites. The revenue of these websites come from the percentage they receive from every user transaction. A typical example is online auctions

Question 5

A few key factors are neccessary to create an economically successful E-commerce, which?

Answer 5

In order of importance.

• Entertainment and personal satisfaction in the purchase.
• Security and trust.
• Usefulness perceived by the customer.
• Influence by social media.
• Full availability of the internet and technologies
• Uses knowhow and skills
• User friendly websites
• Experience by buying online.