Tell us your understanding of eCommerce and the various eCommerce models - B2B, B2C,

C2C.

Ecommerce, or electronic commerce, refers to transactions conducted via the internet. In short, it is the
process of buying or selling of product on online services or over the internet

Examples of Ecommerce: Amazon, Shopee, Lazada, Ebay, Alibaba

B2B: Business-to-business (B2B), is a form of transaction between businesses, such as one involving a
manufacturer and wholesaler, or a wholesaler and a retailer. It is a business conducted between
companies

Examples: Supply chain where one company will purchase raw materials from another to be used in the
manufacturing process. It happens a lot in the automobile industry where the components are
manufactured independently and auto manufacturers purchase these parts to assemble automobiles.
Service providers such as property management, housekeeping and industrial cleanup often sell these
services exclusively to other businesses, rather than individual consumers

B2C: Business-to-consumer is the process of selling products and services directly between a business
and consumers (end-users) with no middleman. B2C typically refers to online retailers who sell products
and services via the internet such as Amazon & eBay

Examples: Netflix (fee-based), Expedia (online intermediary), Facebook (community based), Amazon
(direct seller), Huffington Post (ad-based B2C)

C2C: Customer-to-customer business model whereby customers purchase goods from another customer
using 3rd-party business or platform to facilitate the transaction. Online C2C company sites sell through a
classified or auction system

Examples: eBay, Craiglist, Carousell

Explain to us what is distributive trade - Wholesale (General Trade, Modern Trade) and
Retail Trade.