Model Of Ecommerce

There are four models:

1. Business To Consumer

2. Business To Business

3. Consumer To Consumer

4. Business To Employee


Later we will discuss about each of Ecommerce Business Model above..

A Brief History Of Ecommerce

- First developed in the early 1970s with innovations such as electronic fund transfer (EFT) for large corporations and financial institutions.

-Then, came electronic data interchange (EDI) for transaction processing including financial institutions, manufacturers, retailers, services and other types of businesss.

- In 1990s, EC applications rapidly expanded - Business-To-Business (B2B) and Business-To-Consumer (B2C).

Definition Of Ecommerce

- A financial business transaction that occurs over an electronic network.

- The process of buying, selling or exchanging products, services and information via computer networks, including internet.

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