E-commerce Companies: Explaining e-commerce types. Quantity. Types of business Plan

Conclusion
 E-commerce represents online transactions.
 It is the retail version of the Electronic Data Interchange (EDI).
 In general terms, e-commerce is a business methodology that addresses the needs of organizations, traders and consumers to reduce costs while improving the quality of goods and services and increasing the speed of service delivery.
 In terms of types, it has four types: Business-to-Business (B2B), Businessto-Consumer (B2C), Consumer-to-Business (C2B) and Consumer-toConsumer (C2C).
 These models are dynamic business models and are changing as per the needs of the e-consumers.
 Online payment is fast emerging as a good alternative to physical mode of payments.
 Electronic fund transfer mechanisms are a reality now.
 Financial institutions and banks have transformed themselves into huge financial networks providing real time facilities to their customers.
 The traditional ‗brick-and-mortar‘ banking model has given way to ‗clickand-mortar‘ banking model which has made many online payment options available to a consumer.
 Significantly, the law also grants legal validity to such online payment instruments.
REFERENCES
1. Teitelman Robert and Stephen Davis. ―How the Cash Flows?‖. Institutional Investor 58. Aug.1996.
2. Electronic Messaging Services Task Force. The Commercial Use of Electronic Data Interchange: ―A Report and Model Trading Partner Agreement‖. 45 Bus. Law 1645. 1990.
3. US Small Business Administration. Office of Advocacy. E-commerce: Small Business Venture Online. at 3 July. 1999.
4. US Department of Commerce. US Census Bureau. E-Stat. at (Mar. 18. 2002).
5. www.gartner.com
6. www.wto.org
7. www.paypal.com