The clothing industry in this modern age has changed to where the click of a mouse is king. Moreover, e-commerce is a quicker and a more value-effective method of shipping goods. Payments online are faster too. Thus, for those who are in the public marketing business, e-commerce is a vital part of your future. E-Commerce requires the use of the Internet to be able to conduct business worldwide., while E-Business can make use of more than the Internet. For instance, the use of the Intranet and the Extranet too to connect with the business parties.
The other types of ecommerce are the G2G (Government-to-Government), G2E (Government-to-Employee), G2B (Government-to-Business), B2G (Business-to Government), G2C (Government-to-Citizen), C2G (Citizen-to-Government). These transactions involves primarily with the government, from procurement to submitting taxes to business registration to renewing license. There are nonetheless plenty of other categories that exist but then they tend to be superfluous.
Is it value to have Ecommerce for all the businesses? No, this is not true. Ecommerce is just viable for those businesses, which are keen to cross the boundaries and are not limited to a specific native area. This may be a small retail store selling sweets to a huge multinational company selling medicines.
The process of selling and buying merchandise over the Internet is simply called E-Commerce. However, E-Business just isn’t confined to just the selling and shopping for process. Any business that is conducted over the Internet is considered as E-Business. For instance, the info and communication technologies used in upgrading one’s business. Principally, E-Commerce becomes part of E-Business.
There is another form of ecommerce which is the B2E or Business-to-Employee ecommerce. Here, companies are using internal networks to offer their employees products and services online. It may not be necessarily online on the Web. There is lot of potential in Ecommerce. It is the most in expensive method of doing business nevertheless it need well planned strategy and patience. It takes years to get your place on the internet and begin getting real customers.
New technology also contributes to e-commerce web trends by reshaping the business landscape. This applies to industries where disruptive technology provides efficiency and value financial savings. Globalization is also a natural consequence of eliminating the tyranny of distance. This significantly so in monetary markets were online buying and selling systems are replacing open outcry and buying and selling pits. As more brokers offer access to worldwide markets, internet usage trends for online stock transactions are set to continue.