Sample Term Paper
Term Paper: The major types of e-commerce are business to business (B2B), business to consumer (B2C), and business to government (B2G), consumer to consumer (C2C) and mobile commerce (m-commerce). Among all of the above the business to business model is the most effective one.
- B2B e-commerce:
As the name suggests the B2B e-commerce is relationship between companies. About 80% of the e-commerce is of this type. The two primary components involved in the B2B model are the e-frastructure and e-markets. E-frastructure is the basic architecture of the B2B model and it consists of the following
- Application service providers(development and management of software)
- Outsourcing of functions(web hosting, security customer care solution etc)
- Content management(web site content management)
- Web based commerce(enabling automation software)
By e-markets we mean a website where buyers and sellers have interaction with each other in the order to conduct transaction. A very good example of B2B e-commerce could be given of Cisco which receives over 90% of its orders over the internet (Ruth & Andam, 2003).
- M-commerce:
Mobile commerce is another area which has really boosted up with the technological advancements.
Mobile commerce is the performing business activity over a wireless technology such as mobile phones; black berry etc. mobile commerce can be said as a revolution in the business world. Most of the financial services like banks and other institutions are providing this facility to their customers. Customers are also very frequently using these services to access their accounts and pay bills. Apart from that black berries are used for the purpose of brokerage services in dealing with stock. Service charges, bill payment are also conducted by using the same devices. Other useful information like financial news, sports, flight updates etc are also being viewed on the same hand held device.
Forces attracting e-commerce:
The major force that is pulling e-commerce is the economic force. The economic force provides the ecommerce business numerous benefits among them are economic efficiency in the shape of reduction in cost, low cost in infrastructure, high speed, economic transactions, and advertising cost, inexpensive customer service
Real time example:
A very good example regarding the success of ecommerce could be given of eBay. eBay is undoubtedly the largest ecommerce firm with transactions counted in millions and its size of operation is so vast that it allows numerous firms for its transaction. The money transfer firms PayPal become so profitable to eBay that they purchased it for handling their transactions.
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