e-Commerce itself is categorized into several sections.
- Business-To-Business (B2B)
- Business-To-Consumer (B2C)
- Business-To-Government (B2G).
e-Commerce is generally the "in-thing" today, which concept covers the global information economy which include electronic trading of goods and services, electronic fund transfer, online procurement, direct marketing, electronic billing, etc, through the internet.
e-Commerce does not change the core of businesses, which is to generate profitability from transactions, but it is to change the mindset of how to go about generating profits through an efficient manner. This simply means obtaining information at our fingertips, without wasting time, money and effort, and also to conduct real time transactions in a "borderless world" 24 hours a day, 7 days a week.
With e-Commerce transactions, it is a Win-Win situation for the parties (both buyers and sellers) participating in it. It offers distinguished benefits such as less overhead expenses, larger advertising market exposure, and reduces middle man participation and all these benefits are easily understood and quantifiable.