BUSINESS-TO-CONSUMER
E-COMMERCE
The fastest -growing type of e-Commerce is business-to-consumer. It is used by large corporations, small corporations, and start-up businesses. Because extensive investments are not required to create traditional retail outlets and to maintains large marketing and sales staffs, e-Commerce allowes start -up companies to compete with larger established firms.
The three most widely used B2C applications are for online banking, financial trading, and shopping. Online banking is becoming a standard feature of banking institutions. Costumers are able to go online with a standard browser to perform many banking operations. These online operations include accessing account information, balancing check books, transferring funds, paying bills, and applying for loans. Online stock trading allows investor to research, buy, and sell stocks and bonds over the internet. While e-trading is more convenient than using a traditional full-service broker, the greatest advantage is cost. Online shopping includes the buying and selling of the wide range of consumer goods over the internet there are thousands of e-Commerce applications in this area. Fortunately, there are numerous Wed sites that provide support for consumers looking to compare products and to locate bargains.
E-COMMERCE
The fastest -growing type of e-Commerce is business-to-consumer. It is used by large corporations, small corporations, and start-up businesses. Because extensive investments are not required to create traditional retail outlets and to maintains large marketing and sales staffs, e-Commerce allowes start -up companies to compete with larger established firms.
The three most widely used B2C applications are for online banking, financial trading, and shopping. Online banking is becoming a standard feature of banking institutions. Costumers are able to go online with a standard browser to perform many banking operations. These online operations include accessing account information, balancing check books, transferring funds, paying bills, and applying for loans. Online stock trading allows investor to research, buy, and sell stocks and bonds over the internet. While e-trading is more convenient than using a traditional full-service broker, the greatest advantage is cost. Online shopping includes the buying and selling of the wide range of consumer goods over the internet there are thousands of e-Commerce applications in this area. Fortunately, there are numerous Wed sites that provide support for consumers looking to compare products and to locate bargains.
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