E-Commerce 1
refers to electronic trade that takes place between companies
Business to Business (B2B)
the simplest and most recognizable form of e-commerce
Business to Consumer (B2C)
Showcases the egalitarian side of e-commerce
Consumer to Consumer (C2C)
rapidly growing trend in e-commerce
Consumer to Business (C2B)
actual physical item or object which can be exchanged for money
good
one who transacts business
businessman
A person hired by a company to provide services on a regular basis, in exchange for wages or salary
Employee
A project or undertaking that is especially difficult, complicated or risky
Enterprise
The amount of money a company makes from selling a product or service after all expenses
Profit
one who organizes, manages, and assumes the risks of a business or enterprise
entrepreneur
Recognition by other people of some characteristic or ability
Reputation
the percentage of an industry or market's total sales that is earned by a particular company over a specified time period
Market share
The increase in efficiency of production as the number of goods being produced increases
Economies of scale
A business will not work if you don't know who to sell to
Customers
You may sell your antiques or cars, or more specialized items like property of deceased celebrities
Auctions sites
the most popular selling site which uses the auction system
Ebay
an excellent place for craftspeople, who are generally specialized artists, to connect to the public and garner followers
Online Craft Fairs
is often associated with newspaper wherein small ads are grouped together into categories in their own sections
Classifieds/Classified Advertising
the most popular classifieds sites in the Philippines
OLX
gives its users a capability of setting up an online shop
is used by businesses to upload informercials
YouTube
EDI means
Electronic Data Interchange
exchange of goods for an amount of money
selling
It is among the most preferred mode of sharing information because it allows computer terminals in a network to hook up without having to go through a central web server.
Peer to Peer (P2P)