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Depth Study Of Electronic Commerce Business Nature

Electronic commerce is defined as a conduction of business transaction and communication over computers and internet networks. In simple words, electronic commerce can be described as selling and buying or products and services and transfer of business related commercial documents and funds through digital communications.
Electronic commerce also includes use of the internet and the World Wide Web for manufacturing, marketing, financial negotiations through Teleconferencing, File Transfer, Video Conferencing, interaction via electronic mail (e-mail).

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Different Platform And Business Models Of E-Commerce

Storefront Model:
It is the mainly essential and mainly straightforward kind of E-business Model. Purchasers and vendors interrelate directly. This is fairly accepted in B2C dealings. Merchants systematize online index of products, get orders throughout their websites, admit payments in a safe environment and propel items to the patrons. They can also stock up and direct client information in databases. A storefront sculpts uses the shopping lug technology which lets clients to accumulate things that they want to purchase during shopping. For example Books, playthings, gifts and plants etc…
Auction Model:
In this …