e-commerce
Business
(noun)
A marketplace for the exchange of goods that exist solely online.
Management
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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E-Business Strategy
- The term electronic business (commonly referred to as E-business or e-business) is sometimes used interchangeably with e-commerce.
- In fact, e-business encompasses a broader definition that includes not only e-commerce, but customer relationship management (CRM), business partnerships, e-learning, and electronic transactions within an organization.
- In practice, e-business is more than just e-commerce.
- While e-business refers to a strategic focus with an emphasis on the functions that occur using electronic capabilities, e-commerce is a subset of an overall e-business strategy.
- In the emerging global economy, e-commerce and e-business have become increasingly necessary components of business strategy and strong catalysts for economic development.
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B2C Channels
- The other main channel for business-to-consumer selling is e-commerce, or commercial activity conducted via the Internet.
- Business-to-consumer e-commerce reduces transaction costs by increasing consumer access to information and allowing them to find the most competitive price for a product or service.
- Examples of e-commerce stores are amazon.com, walmart.com, and barnesandnoble.com.
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Boundless Partnership with Valore
- In 2015, Boundless merged with Valore, a Boston-based e-commerce company, in order to further pursue our shared goal of modernizing the textbook industry.
- In 2015, Boundless merged with Valore, a Boston-based e-commerce company, in order to further pursue our shared goal of modernizing the textbook industry.
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B2B Channels
- B2B describes commerce transactions between businesses, such as between a manufacturer and a wholesaler, or between a wholesaler and a retailer.
- Like Business-to-consumer marketing, business to business also employs different channels, such as e-commerce or physical stores.
- One of the major differences between business-to-business (B2B) transactions and business-to-consumer (B2C) transactions is the type of online (e-commerce) interaction.
- This is also reflective of the types of products and services offered in a B2B e-commerce setting, which includes logistics, outsourcing, solutions software, and content management software.
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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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Gibbons v. Ogden
- Ogden, 22 U.S. 1 (1824), was a landmark decision in which the Supreme Court of the United States held that the power to regulate interstate commerce was granted to Congress by the Commerce Clause of the United States Constitution.
- He stressed that one must question whether or not a particular commerce has wide-ranging effects, suggesting that commerce that does "affect other states" may be interstate commerce, even if it does not cross state lines.
- Supreme Court had to interpret the language of the Commerce Clause, and determine whether or not the law regulated "commerce" that was "among the several states. " The Court held that "commerce" constitutes more than mere traffic, rather, that it includes the trade of commodities, and therefore intercourse.
- E.C.
- This theory entails, therefore, that the E.C Knight decision may be viewed not as a radical departure, but as a continuation of the original jurisprudence.