What Is The Difference Between E-Commerce And E-Business?

What Is The Difference Between E-Commerce And E-Business?

Shopping online has been gaining standardity since the unfortunate emergent of the 'Coronavirus' or 'Covid-19' pandemic and the following lockdown that's taking place worldwide. Owing to this, most people have to conduct their shopping or enterprise online using their computer systems or smartphones with Internet connection from where they are. Thankabsolutely, this has been made potential by two widespread networks known as E-Commerce and E-Business.

Most individuals are of the opinion that these phrases imply the same. In actual fact, they aren't, however are intently related to at least one another.

Definition of E-Commerce

The time period E-Commerce, is an acronym referring to "Electronic 'Commerce" and it's the process of selling and shopping for of products by an internet store. Unlike a "brick and mortar" store, there is no such thing as a face to face interfacing between the seller and the client in order for the transaction to take place.

Some E-Commerce models are as follows:

1. Enterprise to Business (B2B)

This refers to any type of electronic transactions of products or providers that take place between two companies.

2. Enterprise to Consumer (B2C)

This refers to any type of electronic transactions of products or companies that take place between the seller and the customer. By far, this is a quite common type of E-Commerce.

This type of E-Commerce is mostly more dynamic and easily conducted. With the setting up of many online stores, B2C has increased very significantly over the last couple of months because of the lockdown. You can now easily find just about any type of on-line store and in any area of interest you need over the Internet. They sell all kinds of physical products akin to books, gadgets, clothes, instruments, accessories, etc. and digital products corresponding to e-Books, info, online programs, etc.

Many people are moving toward on-line shopping more than the physical one because it's more handy, and the costs are often cheaper too, even with shipping cost. Another plus point is most online stores may also provide free shipping for purchases exceeding a certain amount.

3. Consumer to Consumer (C2C)

This refers to any electronic transaction of products or companies between one customer and another customer. Usually, this can take place with the assistance of a third-party, for example, Amazon, eBay or Etsy as a marketplace for on-line selling and buying.

4. Consumer to Business (C2B)

Consumer to business is a type of enterprise model where the shopper or person creates a product or provides a service that a business or company uses to enhance its enterprise set-up, to enhance its business image or to achieve advantages over its competitors.

As an example, websites such as Fiverr, Upwork, etc. where their freelancers offer their services like website or brand creations, and any business can use their services if they want.

5. Business to Administration (B2A)

This refers to any type of transactions which might be carried out between business and government via the Internet. It consists of many various types of providers, comparable to fiscal, social security, employments, legal documents, etc.

6. Consumer to Administration (C2A)

This refers to any type of transactions that take place between the consumer and the government. For example, taxes, education, health, social security, etc.

Definition of E-Enterprise

The time period E-Business is an acronym referring to "Electronic Business," and its business is conducted with using the Internet, Extranet, Intranet and website. In this sense, E-Enterprise is a bit much like E-Commerce, but it's more than just selling and buying products or providers online.

Essentially, E-Business encompasses a wider range of business processes, such as digital ordering and processing, customer relationship management, supply chain administration, etc. Usually, E-Commerce can be construed as a part of E-Business.

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