Glossary: E-commerce
Glossary of key terms: Unit 4.8 E-commerce
Business to business (B2B) | B2B refers to e-commerce that takes place between two or more organizations, rather than between businesses and consumers. |
Business to consumer (B2C) | B2C refers to online businesses selling goods and services directly to consumers, i.e. the end users of the products. |
Consumer to consumer (C2C) | The third type of e-commerce is called C2C, which involves customers selling directly to other consumers. |
Cybercrime | Refers to online fraudulent activities, such as hacking of personal data and exploitation of internet security. |
E-commerce | The buying of goods and services online, using Internet technologies. |
E-tailer | An online business that otherwise operates like a traditional retailer. |
Footloose operations | E-commerce businesses can operate away from prime (and expensive) locations. |
Price transparency | The openness in communications about the different prices being charged by different online businesses. |
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