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B2B e-commerce, short for business-to-business electronic commerce, is the sale of goods or services between businesses via an online sales portal. In general, it is used to improve the efficiency and effectiveness of a company's sales efforts.
Examples of this model are ExxonMobil Corporation, the Chevron Corporation, Boeing, and Archer-Daniels-Midland. These businesses have custom, enterprise ecommerce platforms that work directly with other businesses in a closed environment. [5] The advantages of B2B e-commerce include: [6]
In the first case, the decision is pursued by need (because the other business needs it), and in the second case, they are expectations rather than needs. B2B has many sellers and different stores, whereas B2C, is usually just one supplier. B2B concentrates on raw data for another company, but B2C focuses on producing something for consumers.
Some examples of B2B online marketplaces include VerticalNet, Commerce One, and Covisint, which were some of the earliest B2B marketplaces to emerge in the early days of e-commerce. More contemporary B2B marketplaces include EC21, Elance, and eBay Business, which focus on specific product or service categories and facilitate complex ...
Electronic commerce or e-commerce is a term for any type of business, or commercial transaction, which includes the transfer of information across the Internet. It covers a range of different types of businesses, from buyer based retail sites, through sale or music sites, to business exchanges trading goods and services among companies.
E-commerce typically uses the web for at least a part of a transaction's life cycle although it may also use other technologies such as e-mail. Typical e-commerce transactions include the purchase of products (such as books from Amazon) or services (such as music downloads in the form of digital distribution such as the iTunes Store). [2]
Other types of markets include business to business (B2B) and business to customer (B2C). [ 2 ] Consumer to consumer (or citizen-to-citizen ) electronic commerce involves electronically facilitated transactions between consumers through some third party.
Since that time, the terms, "e-business" and "e-commerce" have been loosely interchangeable and have become a part of the common vernacular. [9] According to the U.S. Department Of Commerce, the estimated retail e-commerce sales in Q1 2020 were representing almost 12% of total U.S. retail sales, against 4% for Q1 2010. [10]
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