E-Commerce (Electronic Commerce) Definition And Classification
E-Commerce is a business-to-business (B2B) initiative aimed at communicating business transaction documents on a real-time or near real-time basis between known trading partners, such as suppliers, customers and, increasingly, between a supplier’s supplier or a customer’s customer. This is the movement from simple B2B to electronic business-to-business (EB2B).
Electronic Commerce as a sphere of economics includes all financial and trading transactions that are processed via computer networks as well as business processes connected to such transactions processing. Electronic Commerce covers:
- Electronic Data Interchange (EDI)
- Electronic Funds Transfer (EFT)
- Electronic Trade (e-trade)
- Electronic Money (e-cash)
- Electronic Marketing (e-marketing)
- Electronic Banking (e-banking)
- Electronic Insurance (e-insurance)
E-Commerce Classification
Commercial Organizations:
- B2B(Business-to-Business)
- B2C(Business-to-Consumer)
- B2E(Business-to-Employee)
- B2G(Business-to-Government)
- B2O(Business-to-Operator)
Consumers:
- C2A(Consumer-to-Administration)
- C2B(Consumer-to-business)
- C2C(Consumer-to-Consumer)
Administration
- A2A(Administration-to-Administration)
- A2B(Administration-to-Business)
- A2C(Administration-to-Consumer)
Other business models
- D2C(Decentralized-to-Consumer)
- G2B(Government-to-Business)
- P2P(Peer-to-Peer).