Report Overview: B2C E-commerce Market The global B2C e-commerce market size was valued at USD 2.24 trillion in 2020 and looks set to grow at a compound annual growth rate (CAGR) of 6.8% from 2021 to 2027. E-commerce experienced an uptick, as consumers who are stuck at home purchased goods online. With its introduction, E-commerce has a significant impact on society and business at a global level. E-commerce is affecting consumer shopping behaviour in different ways. (2007). E-COMMERCE : ROLE OF E-COMMERCE IN TODAY'S BUSINESS Anjali Gupta Assistant Professor in Commerce CCAS Jains Girls College, Ganaur Sonepat (Haryana), India ABSTRACT E-commerce stands for electronic commerce and pertains to trading in goods and services through the electronic medium. E-Commerce – History of E-Commerce Early Development: The history of E-commerce begins with the invention of the telephone at the end of last century. As noted previously, there is need to have this information in the public domain so that organizations are not misled that adopting e-commerce … •Business-to-consumer (B2C) –Involves sales by "pure play" e-commerce enterprises and by While the E-Commerce Law and Sub-Decree 134 expressly refers to electronic commerce provided from overseas to Cambodia, to date, there has not been any clear guidance issued by the Ministry of Commerce on how it will regulate foreign businesses selling services and goods online from overseas to consumers in Cambodia. Almost all the impacts of e-commerce affect the businesses positively and the business firms get benefits in numerous ways such as fast and improved business communication, reduced production cost, higher the productivity, quality goods and services etc. Impact of the E-commerce on Consumer Behaviour. 4, pp. It was a time where B2C e-commerce seemed winning the race with B2B e-commerce which is … The offerings and prices can change instantaneously. Role of eCommerce in Business. E-commerce is often described as being one of three varieties – business-to-business (B2B), business-to-consumer (B2C) or business-to-government (B2G). Small enterprises may need to engage in B2B e-commerce to participate in value chains. Greater Choice With e-commerce, consumers are able to access a wide range […] The research study has highlighted the Management Information Systems, Finance and Accounting, Marketing and Computer Sciences of E-Commerce on Business. Though it is a relatively new concept, it has the potential to alter the traditional form of economic activities. The Impact of Website Quality Dimensions on Customer Satisfaction in the B2C E-commerce Context. Businesses can also face different issues due to e-commerce such as security issues, credit issues, e-commerce infrastructure expenses, sufficient internet services, and problems in the supply chain. More useful statistics about the importance of the air-travel sector can be found in the results of a Spanish study into the impact of e-commerce on the travel industry. Business-to-Consumer (B2C). 1. Technavio has been monitoring the home and garden products B2C e-commerce market and it is poised to grow by USD 101.65 billion during 2020-2024, progressing at a CAGR of almost 9% during the forecast period. EDI (Electronic Data Interchange) is widely viewed as the beginning of ecommerce if we consider ecommerce as the networking of business communities and digitalization of business information. Employment Impact of Business-to-Consumer E-commerce 4 databases or manuals directly, thereby significantly cutting after-sales service costs and improving the quality of service. The data from the previous section clearly demonstrates that online sales are a headwind to bricks and mortar retail. B2B, B2C, C2C and similar opportunity help Different e-commerce transactions •Business-to-business (B2B) –Online sales between enterprises, including as a result of outsourcing and offshoring. The Business Impact of E-Commerce Ruchi Monga 1 ... B2C (Business to consumer) B2C refers to communicating with selling to an individual rather than a company. 18, No. Essay on the Need for E-Commerce: E-commerce and e-business are not solely the Internet, websites or dot com companies. • Demand has also increased for i nternet and mobile data services. Here we discuss the social and economic impact of e-Commerce on society, and the main advantages and disadvantages. B2C e-commerce has the following advantages: Using B2C, online shopping can be faster and more convenient. China is the world’s largest e-commerce market with over 50 percent of global online transactions occurring within the country. E-commerce has come to dominate shopping to the extent it’s now considered part of mainstream retail. B2C is one of the most popular sales models in the ecommerce context. Here we discuss the social and economic impact of e-Commerce on society, and the main advantages and disadvantages. 4.1 Step 1: The impact of B2C e-commerce on the degree of change in organizational struc- ture, brand architectur e, and the marketing-related IT structure (H1 to H3) It is expected to witness a surge in demand, owing to the increase in disposable income, global per capita income, and expanding internet penetration. Fruhling & Digm: The Impact of Electronic Commerce on Business-Level Strategies Page 14 Business-to-business E.C. While a cutback on consumer spending can also affect the B2B model (because businesses often require goods and services to stay in business), the impact is greater when it comes to a B2C business. Finally, the need for employees may decline as firms turn to e-commerce, as evidenced by … are the ultimate results of e-commerce in Bangladesh. The report offers an up-to-date analysis regarding the … They offer an ideal commerce development to do digital business and improve the global presence. It also includes the sharing of data and information access through extranets. The growth in online sales applies to both retail or B2C businesses as well as B2B businesses. Much of the interest and the literature has focused on B2B and B2C electronic commerce and most of the statistical indicators have also been in respect of these two forms. This article will look at some of the impacts that have resulted from the advent and development of e-commerce. Business- E-commerce is not the same as the traditional business in terms of the number of employees needed. 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