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2024-06-12

Exploring Models and Growth of E-commerce

E-commerce has transformed the way we buy and sell products and services. With the evolution of technology and increased internet connectivity, e-commerce has experienced significant growth.

Upon entering the Oniroduo website, we can observe the entire layout of the page, the store, and the way the products are arranged to facilitate sales.

In e-commerce, consumers can browse online product catalogs, select items, make payments, and complete transactions through websites or mobile apps. Transactions can involve a variety of products, from physical items like clothing and electronics to digital services such as streaming subscriptions and software. There are several e-commerce models, including:

• B2C – Business-to-Consumer – commerce between companies and end consumers, where businesses sell directly to consumers;
• B2B – Business-to-Business – transactions between companies, where businesses buy and sell products or services to each other;
• C2C – Consumer-to-Consumer – involves the sale of products or services between individual consumers, usually facilitated by a third-party platform;
• C2B – Consumer-to-Business – consumers offer products or services to companies, such as influencers collaborating with brands;
• B2G – Business-to-Government – commerce between companies and the government, involving transactions of goods or services to government agencies.

E-commerce has grown significantly in recent years, driven by technological advancements and the expansion of internet connectivity. It offers convenience, variety, global access to products and services, and a personalized shopping experience through data analysis and customer segmentation.