Types of Businesses
Now there are actually many types of Businesses. It all depends on who the final consumer is. Some of the types of Businesses are as follows:
Business to Business (B2B)
Transactions between two organizations are called business-to-business. Producers and traditional commercial wholesalers usually work with this type of electronic commerce. Also This improves the performance of companies.
Business to Consumers (B2C)
When a consumer buys a product from a seller, then it is through a consumer transaction in the business. People buying from Overstock, Amazon, etc. are an example of business to consumer transactions. In such transactions the final consumer is buying directly from the seller.
Consumer to consumer (C2C)
A customer who sells a product or service to another customer is a customer. For example, people advertise on the OLS of their product that they want to sell. There is usually a C2C type transaction for second-hand products. The Website is merely a facilitator and not a provider of goods or services.
Business to Business (C2B)
C2B is a complete reversal of the traditional sense of commodity exchange. This type of e-commerce is very common in crowd sourcing projects. A large number of individuals make their services or products available for purchase by companies looking for companies that explicitly look for those types of services or products.