On the institutional level, big corporations and financial institutions use the internet to exchange financial data to facilitate domestic and international business. The second category is based on the nature of the participant ( B2B, B2C, C2B and C2C). The first category is business based on types of goods sold (involves everything from ordering "digital" content for immediate online consumption, to ordering conventional goods and services, to "meta" services to facilitate other types of electronic commerce). There are five essential categories of E-commerce: Ĭontemporary electronic commerce can be classified into two categories. Online financial exchanges for currency exchanges or trading purposes.Engaging in pretail for launching new products and services.Marketing to prospective and established customers by e-mail or fax (for example, with newsletters).Gathering and using demographic data through web contacts and social media. ![]()
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