E-Business Vs E-Commerce
Internet World has intensively grown and has given rise to many innovative Business opportunities. E-Commerce is one the leading business segment which is on upswing in the market. There is a huge demand in the marketplace for different commerce and concepts that are running online.
At the present time you just have to order online and you get the desired items within few minutes. Online shopping is receiving popularity, just because of the comfort, simplicity, style and the services provided to the customers. This is possible only because of e-commerce and e-business. The two terms are closely interconnected. E-commerce is nothing but buying and selling of goods around the web. E-business is a little different as it is not limited to, commercial transactions, but it also provides wide range of other services.
Research evidences online shopping is more easily reached than it has ever been in the digital era with the introduction easy checkout systems and more secure systems. As a result, the e-commerce industry is generating higher sales volume of around $500 billion in 2017.
According to Forrester Research, the online retail sales volume for the Canada 2014 is $231 billion. This figure is predicted to grow continually to $500 billion in 2017. Forrester also reports that 53% of people in the Canada shopped online in 2014 and it is predicted to grow to 58% in 2016, according to the Canada E-Commerce Authority.
20.3% of the Canada, population is under 16 years old. Assuming the online shoppers are above 16 years old, the majority of the Canada population above 16 years old, 66% shopped online in 2014.
Online Business!! “Connecting ideas and people”
In the current generation many companies are implementing e-business to capture the maximum share of the market. Enormous advancement of e-commerce websites have begun since last few years who are vanishing the market traditional commercial business, like flip kart, amazon, eBay and may more.
E-commerce and e-business involves “the creation of new value chains between a company and its customers and suppliers.
Key Differences between E-Commerce and E-Business
Trade of goods and services through the internet is known as e-commerce. Unlike e-business, which is an electronic presence of a business, by which all the business happenings are conducted through the internet.
E-commerce is the chief component of e-business.
E-commerce comprises of transactions which are related to money, but e-business, includes monetary as well as allied activities.
E-commerce has a demonstrative approach that covers customers, suppliers and distributors. On the other hand, e-business has an ambiverted approach that covers internal as well as external procedures.
E-commerce needs a website that can represent the business. In opposition, e-business requires a website, Customer Relationship Management and Enterprise Resource Planning for running business over the internet.
E-commerce uses the internet to connect with the rest of the world. In contrast e-business uses internet, intranet and extranet are used for connecting with the parties.