E-Commerce, Social Networking, and Web 2.0

Business-to-Business (B2B) - sales between businesses Business-to-consumer (B2C) - sales between a supplier and a retail customer (the consumer) Business-to-Government (B2G) - sales between companies and governmental organizations Clearinghouses - provide goods and services at a stated price and arrange for the delivery of the goods, but they never take title ex. Amazon Crowdsourcing - combines social networking, viral marketing, and open-source design, saving considerable cost while cultivating customers E-Commerce - buying and selling of goods and services over public and private computer networks E-Commerce auctions - match buyers and sellers by using e-commerce version pf a standard auction ex., ebay Electronic exchanges - match buyers and sellers; the business process is similar to that of a stock exchange