International Journal of Civil, Mechanical and Energy Science, 7(3) May-Jun, 2021 Available: https://aipublications.com/ijcmes/ Peer-Reviewed Journal
Importance of Business to Consumer model of E-commerce Mohammad Faiz1, Kaumudi Jain2, Nikita Tailor3, Mr. Loveleen Kumar4 Department of CSE, GIT College, Jaipur, India Received: 05 Jun 2021; Received in revised form: 15 Jun 2021; Accepted: 20 Jun 2021; Available online: 25 Jun 2021 ©2021 The Author(s). Published by Infogain Publication. This is an open access article under the CC BY license (https://creativecommons.org/licenses/by/4.0/)
Abstract— In this Pandemic phase, customers and merchants do not interact face-to-face and customers are more discerning as a result of the additional alternatives and solutions available to them online. B2C Ecommerce provides an alleviation to this problem. Traditionally, it was the mode of commercial transaction in which companies sold items or services to customers directly. However, the term B2C is now more commonly used to refer to online product sales, often known as e-tailing, in which manufacturers or merchants sell their items to customers over the internet. This paper outlines the importance of B2C Ecommerce development in Pandemic times by shedding light on the result of the creation of B2C based online shopping website. Keywords— B2C, E-commerce, Web development.
I.
INTRODUCTION
Business-to-consumer (B2C) refers to the process of selling products and services directly to customers who are the endusers of the company's products or services. It is one of the most prevalent and well-known sales models. The majority of businesses that sell directly to customers are based on B2C business model. To brief, B2C is the business model which comprises of interaction of only two components, Seller and Consumer without the need of an intermediary or a third party like a broker or a retailer. Online merchants who reach out to their clients over the internet and online make up the business to consumer market. Michael Aldrich, who used television as the principal medium to reach out to customers, coined the term B2C in 1979. He adopted this idea first in a TV programme, where he used television to target his end consumers. Couple of decades ago, B2C was known only for offline businesses limited to shopkeepers and vendors selling their products and services to consumers. But, with the evolution of internet and the technological advancement, the B2C market started to switch over online services. E-commerce and online shopping have aided the B2C model, in which manufacturers and merchants use the internet to market their products and services directly to end customers [3]. E-commerce, is the selling and purchasing of goods and services over a network such as the Internet. It also entails exchanging data and funds electronically between two or more parties. Simply put, it is online shopping in the ISSN: 2455-5304 https://dx.doi.org/10.22161/ijcmes.73.3
traditional sense. E-commerce began in the 1960s, when businesses began to use Electronic Data Interchange (EDI) to send and receive documents related to their company. Online shopping companies arose in the 1990s, and they are now a huge phenomenon. On August 11, 1994, a Sting CD was released by US retailer Net Market as the first-ever online purchase. E-commerce is enhancing the availability of information significantly, providing customers with more knowledge, of higher quality, and at a fast pace than before. Businesses online provide an information - rich environment by which competitors can identify, match and improve product innovation. A company that can respond to the need of customers, accommodate their requests promptly and support their buying decisions, creates value and wins customers patronage and loyalty [2]. E-commerce shortens the product distribution chain, often completely eliminating it, by allowing direct contact with the final customer. This creates a direct channel between the manufacturer or service provider and the end user, allowing them to deliver goods and services that are tailored to the target market's specific needs.
E-Commerce has become so simple and convenient that everyone can shop for something from the comfort of their own home with only a few clicks. With the introduction of smartphones, any individual can now shop from anywhere and at any time using a wireless computer linked to the
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