In James Khuri’s opinion, E-commerce may be broken down into a few distinct subtypes, each of which focuses on a unique set of products or services and transactional dynamics between firms and customers. E-commerce may take several forms, including direct sales (in which a company sells its wares directly to end users), bulk sales (in which a company sells to a wholesaler or retailer, who then sells the products directly to end users), as well as third-party production, shipping, and distribution. The consumer's payment is required in advance when making an advance purchase, and regular payments are deducted from their account until the subscriber cancels them.
In a broad sense, business-to-business, or B2B, e-commerce refers to online exchanges that take place between two or more firms. In this kind of online commerce, a firm either buys or sells a product or service to another online business. Businesses now have the opportunity to do business with one another and manage their money thanks to the Internet. The term "B2B e-commerce" refers to sales and interactions between businesses, but it may also refer to interactions between businesses and consumers.
One example of business-to-consumer (B2C) e-commerce is the practice of purchasing physical books online and then having those books sent to your place of business or home. You are also able to make purchases online for digital music via services such as iTunes and Spotify. Even though all of these instances are significantly different from one another, the most compelling ones feature firms that sell their goods and services to other companies. The following are some instances of business-to-consumer (B2C) transactions:
B2C platforms consist of communities of individuals who have common interests and enable marketers to sell their products directly to end users by hosting customized advertisements. Facebook, Quora, Spotify, Netflix, and other social networks are all examples of popular platforms that fall under this category of business-to-consumer interactions. These communities may be used by businesses as a means of building a customer base and targeting certain demographics. Businesses have the opportunity to grow their share of the market by selling their products or services directly to end users. Retailers also have a fantastic opportunity to connect with customers via this kind of consumer-oriented internet commerce.
James Khuri pointed out that, E-commerce that is business-to-consumer, or B2C, is a connection between firms and customers that is advantageous to both parties. The customer is the one who generates value for the company, and the company then makes use of that value to participate in business operations and improve their position in the market. In this piece, we will investigate business-to-consumer (B2C) e-commerce and contrast it with its analogues. Both models of e-commerce come with their fair share of benefits and drawbacks; thus, it is imperative that you choose the one that is most suited to the needs of your company.
Many times, a company is said to be engaging in business-to-business e-commerce when it sells its goods and services to other companies via the use of the Internet. In most cases, two businesses with comparable buying and selling power will engage in a B2B transaction with one another. For instance, a factory may have a need for many tons of steel, which it can readily get from a business that specializes in metal fabrication and provides quick shipment in addition to reasonable price. In due time, the fabricator and the manufacturer will establish a working partnership that is to their mutual advantage over the long run.
James Khuri believes that, in recent years, business-to-business (B2B) e-commerce has been more popular since it provides several advantages to both buyers and sellers. Just-in-time manufacturing is one of these strategies (JIT). By placing orders for supplies just when they are required, JIT manufacturing cuts down on the amount of time that they are stored in inventory. Unfortunately, this procedure has a high potential for human error: order forms might be forgotten or lost, sales representatives could take a long time to process orders, and the requirements of the manufacturing process could be underestimated or overestimated.