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What is e-commerce? | Security | Programming | Statistics
What is E-commerce?
 The Internet is abundant in information. We can buy anything, from anywhere in the world, at any hour of the day or night with just a few clicks of the mouse and a credit card. We have the ability to make price and quality comparisons in just a matter of minutes. When the Internet meets Commerce the results are positive. Competition becomes fierce and globalized leading to lower prices where the greatest beneficiary is the consumer. E-commerce is a way of doing business, buying or selling products, information, or services by means of the Internet with certain security standards.
There exist several ways of conducting business over the Internet:
B2C – Business to Consumer:
Included in this category are those Internet sites which sell products to the general public, for example, amazon.com. Advantages include:
- Large and small companies are able to show their catalogs on line and sell their products without large investments in overhead;
- Direct communication with their customers without the need for intermediaries;
- Large inventories are not needed for on line selling, just solutions for quick product distribution.
- Image improvement.
B2B – Business to Business:
This category of E-commerce refers to transactions carried out between distributors and producers. Usually this type of business is more limited and involves product suppliers and distributors. This kind of commerce may be carried out in a diversity of ways such as with the use of identical software utilized by both parties or the use of the Internet as a multiple, yet neutral platform. The principal factors that push industries towards a business to business e-commerce strategy are:
- Cost reduction
- Improved efficiency
Some uses of Business to Business e-commerce are:
- The supplier is able show his inventory to distributors, with different prices for different clients, all protected by passwords;
- Allow access to accounts on line to verify status and make payments
C2C – Customer to Customer
Commercial transactions on line that take place between customers like, for example, auction sites.
PanamaCOM offers e-commerce solutions 100% designed to fit your business aided by our more than 10 years experience in the field.
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