PART A:Q.1) B2B, B2C and C2C are some of the strategies that have contributed alot in the growing business needs and helping world to be a global village?Comment on the statement and site some real world examples to illustratethis?ANSWER:B2B
is the exchange of goods and services between businesses via computer networks. This is operating on websites as private stores, customer portal, private company marketplaces, and industry consortia-sponsored marketplace.
It is cost reduction technique for the company so as to overcome mediator
With advancement in technology B2B can be done with the help of Electronic commerce.
With the help of online auction the buyer of industrial goods can get the product at a cheap deal, as there are many competitors in an onlineauction.
With E-Com electronic funds transfer-using EDI can be done between toorganizations.
B2B helps in lowering the cost for selling and marketing.
It also shortens the selling cycle.
The most important advantage of B2B is to have JIT just in timedelivery; the company can have the track of good as to which place it hasreached with the help of electronic commerce