B Com Exam > B Com Videos > E-Commerce > Business to Business (B2B) & Business to Consumer (B2C) Transactions, E-Commerce
Business to Business (B2B) & Business to Consumer (B2C) Transactions, E-Commerce Video Lecture | E-Commerce - B Com
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100 videos|55 docs|19 tests
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FAQs on Business to Business (B2B) & Business to Consumer (B2C) Transactions, E-Commerce Video Lecture - E-Commerce - B Com
| 1. What is the difference between B2B and B2C transactions? |  |
Ans. B2B (Business to Business) transactions refer to the exchange of goods or services between two businesses. In this type of transaction, the buyer is also a business entity. On the other hand, B2C (Business to Consumer) transactions involve the sale of products or services from a business directly to individual consumers.
| 2. What are the main characteristics of B2B transactions? | |
Ans. B2B transactions generally involve larger order volumes, longer sales cycles, and more complex pricing structures compared to B2C transactions. In B2B, the decision-making process often involves multiple stakeholders, and the focus is on building long-term relationships and providing customized solutions to meet the specific needs of businesses.
| 3. What are the main characteristics of B2C transactions? | |
Ans. B2C transactions typically involve smaller order volumes, shorter sales cycles, and simpler pricing structures. In B2C, the buying decision is usually made by an individual consumer, and the focus is on creating a convenient and user-friendly shopping experience. B2C transactions often involve marketing strategies aimed at reaching a wider audience and generating high-volume sales.
| 4. How does e-commerce impact B2B and B2C transactions? | |
Ans. E-commerce has significantly impacted both B2B and B2C transactions. In B2B, e-commerce platforms have simplified the buying process, allowing businesses to compare prices, access a wide range of suppliers, and streamline procurement. Similarly, in B2C, e-commerce has revolutionized the way consumers shop, providing convenience, access to a global marketplace, and personalized recommendations.
| 5. What are the key challenges in B2B and B2C e-commerce transactions? | |
Ans. In B2B e-commerce, challenges include ensuring data security, managing complex supply chains, integrating different systems, and building trust among business partners. In B2C e-commerce, challenges include fierce competition, meeting customer expectations for fast and reliable shipping, providing excellent customer service, and protecting consumer data privacy.
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Nov 15, 2024 Last updated |
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