INTERVIEW QUESTIONS MARKETING E- BUSINESS DETAILS

Question: Explain the various E-commerce Business models.

Answer: 1)B2B model:Business to business (B2B) is a type of commerce transaction that exists between businesses, such as those involving a manufacturer and wholesaler, or a wholesaler and a retailer.Business to business refers to business that is conducted between companies, rather than between a company and individual consumers.
2)B2C: Website following B2C business model sells its product directly to a customer. A customer can view products shown on the website of business organization.The customer can choose a product and order the same.Website will send a notification to the business organization via email and organization will dispatch the product/goods to the customer.
3)C2C: Website following C2C business model helps consumer to sell their assets like residential property, cars, motorcycles etc. or rent a room by publishing their information on the website. Website may or may not charge the consumer for its services.Another consumer may opt to buy the product of the first customer by viewing the post/advertisement on the website.
4)C2B: In this model, a consumer approaches website showing multiple business organizations for a particular service. Consumer places an estimate of amount he/she wants to spend for a particular service. For example, comparison of interest rates of personal loan/ car loan provided by various banks via website.Business organization who fulfills the consumer's requirement within specified budget approaches the customer and provides its services.
5)B2G: B2G model is a variant of B2B model. Such websites are used by government to trade and exchange information with various business organizations. Such websites are accredited by the government and provide a medium to businesses to submit application forms to the government.
6)G2B: Government uses B2G model website to approach business organizations.Such websites support auctions, tenders and application submission functionalities.
7)G2G: This model involves transactions between 2 governments. For example, if the American government wants to buy oil from the Arabian government,the transaction involved are categorized in the G2G model.
8)G2C: In this model, the government transacts with an individual consumer.
9)P2P: P2P is not only an E-commerce type but also a technology that allows people to share computer files and computer resources without going through a central web server.

1)B2B model:Business to business (B2B) is a type of commerce transaction that exists between businesses, such as those involving a manufacturer and wholesaler, or a wholesaler and a retailer.Business to business refers to business that is conducted between companies, rather than between a company and individual consumers.
2)B2C: Website following B2C business model sells its product directly to a customer. A customer can view products shown on the website of business organization.The customer can choose a product and order the same.Website will send a notification to the business organization via email and organization will dispatch the product/goods to the customer.
3)C2C: Website following C2C business model helps consumer to sell their assets like residential property, cars, motorcycles etc. or rent a room by publishing their information on the website. Website may or may not charge the consumer for its services.Another consumer may opt to buy the product of the first customer by viewing the post/advertisement on the website.
4)C2B: In this model, a consumer approaches website showing multiple business organizations for a particular service. Consumer places an estimate of amount he/she wants to spend for a particular service. For example, comparison of interest rates of personal loan/ car loan provided by various banks via website.Business organization who fulfills the consumer's requirement within specified budget approaches the customer and provides its services.
5)B2G: B2G model is a variant of B2B model. Such websites are used by government to trade and exchange information with various business organizations. Such websites are accredited by the government and provide a medium to businesses to submit application forms to the government.
6)G2B: Government uses B2G model website to approach business organizations.Such websites support auctions, tenders and application submission functionalities.
7)G2G: This model involves transactions between 2 governments. For example, if the American government wants to buy oil from the Arabian government,the transaction involved are categorized in the G2G model.
8)G2C: In this model, the government transacts with an individual consumer.
9)P2P: P2P is not only an E-commerce type but also a technology that allows people to share computer files and computer resources without going through a central web server. Source: CoolInterview.com

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