Overview of Electronic Commerce
- B2C and B2B are types of e-commerce.
- B2C stands for business-to-consumer. B2C involves transactions conducted between businesses and consumers over the Internet. For example, placing an order for a book or a home appliance by a consumer to a business over the Internet.
- B2B stands for business-to-business. B2B involves transactions conducted between businesses over the Internet. It is used to exchange products, services, or information between businesses. B2B is also known as e-biz.
- The World Wide Web Consortium (W3C) is an international industry consortium that develops common standards for the World Wide Web to promote its evolution and interoperability.
- E-commerce sites offer a wide access to existing markets. Moreover, they give new access to undiscovered markets. Online stores have many advantages over the traditional stores.