New technologies are being introduced into the market almost on a daily basis, which in turns opens up new territories and new possibilities in e-commerce. Today, Business to Business (B2B) and Business to Consumer (B2C) are the leading markets of E-commerce.
B2C E-commerce moves from simple Web store fronts to interactive marketing capabilities that provide a personalized shopping experience for customers and then toward a totally integrated Web store that support a variety of customer shopping experience.
Previously, websites meant to be informational, just to provide details about products and services , but now the trend is to carry out transaction and money transfer over the internet.
E-commerce allows users and enterprise to carry out dealings like shopping, banking, bill payments, auctions and lots of other things online.
B2C E-commerce also moving toward a self-service model where customers configure and customize the products and services they wish to buy aided by configuration software and online customer support as needed.
It has huge potential and is fundamentally changing the way the business are done. As B2C, E-commerce moves toward full-service and wide-selection retail Web portal, B2B is also trending toward the use of E-commerce portals that provide catalog, exchange and auction markets for business customers within or cross industries.
E-commerce allows various activity. The goal behind implementing E-commerce is to cut expenses by reducing transaction costs and streamlining all kinds of processes.
E-commerce emphasizes new business opportunities that result in greater efficiency and more effective transaction.
E-commerce Trends
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