Human resource: many small businesses avoid the human resource function. Recruiting, setting up compensation, maintaining compliance and other HR activities are specialized and time consuming. The company may choose to bring the resources in-house to manage these activities, but also evaluate outsourcing them. There are many agencies well equipped to take up the human resource activities of the company. CLASSIFICATION OF E – COMMERCE Based upon the entities involved in transaction, electronic commerce has been classified into the following categories: 1. Business-to-Business (B2B) Electronic Commerce Under B2B electronic commerce, commercial transactions take place between different business organizations. An example of B2B transaction is a business organization purchasing
material from suppliers. Compared to B2C and C2C transactions, the value per transaction is higher in B2B transactions because bulk purchases are made. The buyers also might get the advantage of discounts on bulk purchases. 2. Business-to-Consumer (B2C) Electronic Commerce Under B2C electronic Commerce, commercial transactions take place between business firms and their consumers. Here companies sell goods, information or services to customers online in a more personalized dynamic environment. An example of B2C transaction is Amazon.com selling books to customers. 3. Consumer-to-Business (C2B) Electronic Commerce C2B can be described as a form of electronic commerce where, the transaction, originated by the consumer has a set of requirement specifications or specific price for a commodity, service or item. It is the responsibility of electronic commerce business entity to match the requirements of the consumers to the best possible extent. For instance, a consumer may specify on a site like yatra.com his dates of travel, his source and destination of travel, specifying the total number of tickets required in business/economy class. Yatra.com then finds out the various options for him which best meet his requirements. 4. Consumer-to-Consumer (C2C) Electronic Commerce C2C is the electronic commerce activity that provides the opportunity for trading of products and/or services amongst consumers who are connected through the internet. In this category, electronic tools and internet infrastructure are employed to support transactions between individuals. For instance, a consumer who wants to sell his property can post an ad on timesclassifieds.com. Another person interested in purchasing a property can browse the
property ads posted on this site. Thus, the two consumers can get in touch with each other for sale/purchase of property through timesclassifieds.com.
- Spring '20
- Dr. ASRAVOR
- Marketing, Business-to-business