Group items tagged

The online auction business model is one in which participants bid for products and services over the Internet. The functionality of buying and selling in an auction format is made possible through auction software which regulates the various processes involved.

advantages

sometimes draw criminals wishing to sell stolen products

ECommerce as "business activities conducted using electronic data transmission technologies, such as those used on the Internet and the WWW"

E-Commerce is often confused with E-business, with many people believing the two terms are interchangeable, when in fact this is incorrect. As opposed to E-Commerce, E-businesses create strategic opportunities and competitive advantage by adding value for customers and improving efficiency through the use of Internet and information technologies. E-Business deals with the models and strategies of the business itself. E-Commerce is a result of E-business, and deals with the technology-mediated physical transactions and exchanges between parties as well as electronically based intra- or inter-organisational activites that facilitate such exchanges.