e-commerce
(noun)
A marketplace for the exchange of goods that exist solely online.
Examples of e-commerce in the following topics:
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Selling to Consumers
- B2C e-commerce involves customers gathering information and purchasing either physical or information goods over an electronic network.
- It is the second largest and the earliest form of e-commerce.
- Online retailing transactions make up a significant share of the B2C e-commerce market.
- Another form of e-commerce involving selling to consumers is known as consumer-to-consumer (C2C).
- B2C e-commerce makes up a smaller portion of the market share of e-commerce compared to B2B, and appears to be shrinking in comparison.
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Selling to Businesses
- B2B e-commerce is the type of e-commerce that deals with relationships between and among businesses.
- Business to business (B2B) e-commerce is simply defined as e-commerce between companies.
- This is the type of e-commerce that deals with relationships between and among businesses.
- About 80% of e-commerce is of this type, and most experts predict that B2B e-commerce will continue to grow faster than the business to consumer (B2C) segment.
- Impacts of B2B e-commerce on the economy in general are evident in a number of areas:
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Marketing Intermediaries
- This could include distribution, marketing, sales, retail, e-commerce, web development, branding, packaging, storing, and a variety of other functions.
- Ensuring that shipping resources are available (e.g., trucks, ships, planes, and trains primarily) and that items move from supplier to warehouse to user is often handled by an intermediary such as Fedex or UPS.
- However, managing a large e-commerce team with strong web development skills (such as copy, graphic design, UX, and other e-commerce roles) can become a pricey endeavor.
- Amazon is a great example of an e-commerce website designed to enable smaller businesses.
- Amazon actually handles quite a bit of intermediary responsibilities (i.e. shipping, storing, and e-commerce for starters).
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Nonstore Retailers
- The non-store distribution channel can be divided into direct selling (off-premises sales) and distance selling, the latter including all forms of electronic commerce.
- Electronic commerce includes online shopping, Internet trading platforms, travel portals, global distribution systems, and teleshopping.
- E-commerce is growing by leaps and bounds, as consumers become more comfortable with the concept and their options increase.
- E-commerce sites now cover almost every nook and cranny of the retail space.
- With all the e-commerce growth comes interesting trends relating to consumers becoming more comfortable with making purchase on their mobile phones and tablets.
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Internet Retailers
- Online retailing is a form of electronic commerce where consumers directly buy goods or services from a seller using the Internet.
- Online retailing is a form of electronic commerce whereby consumers directly buy goods or services from a seller over the Internet without an intermediary.
- The consumer often receives an e-mail confirmation once the transaction is complete.
- Less sophisticated stores may rely on consumers to phone or e-mail their orders (though credit card numbers are not accepted by e-mail, for security reasons).
- With the onset of the Internet and e-commerce sites, which allow customers to buy tickets online, the popularity of this service has increased.
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The Benefits of Mixed Economies
- In a mixed economy, private businesses can decide how to run their businesses (e.g. what to produce, at what price, who to employ, etc.).
- to travel (needed to transport all the items in commerce, to make deals in person, for workers and owners to go to where needed)
- Private investment, freedom to buy, sell, and profit, combined with economic planning by the state, including significant regulations (e.g. wage or price controls), taxes, tariffs, and state-directed investment.
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Government Regulation
- Regulation can take many forms: legal restrictions promulgated by a government authority, contractual obligations that bind many parties (e.g., "insurance regulations" that arise out of contracts between insurers and their insureds), self-regulation by an industry such as through a trade association, social regulation, co-regulation, third-party regulation, certification, accreditation, or market regulation.
- At the federal level, one the earliest institutions was the Interstate Commerce Commission which had its roots in earlier state-based regulatory commissions and agencies.
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Warehousing
- Stored goods can include any raw materials, packing materials, spare parts, components, or finished goods associated with agriculture, manufacturing, or commerce.
- A set of computerized procedures handle the receipt of stock and returns into a warehouse facility, model and manage the logical representation of the physical storage facilities (e.g., racking), manage the stock within the facility, and enable a seamless link to order processing and logistics management in order to pick, pack and ship product out of the facility.
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The stems of growing startups: definitions of “startup stakeholder arrow” selected terms
- Chambers of Commerce: Chambers of Commerce are large memberships of business federations representing hundreds and sometimes thousands of business owners.
- eMarketers: A group of people that you hire to implement your digital media strategy for the online and potentially via cell phone marketing of your new business. eMarketers utilize ultimately any form of electronic media to promote and advertise your business.
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Getting started
- The first method uses a third party such as a business development centre or a chamber of commerce to bring different entities together and propose working in unison.
- The Chamber of Commerce in Henrietta, New York, for example, initiated an education and assistance program with the Audubon International Sustainable Communities Program to help foster energy and waste reduction programs between local government, business and the community.