E- business - Research Paper Example

as brought in the business world, theories that govern the E- business and thereby highlighting the applications used in the computers to support E-business. The term E -business is generally used to describe any kind of business that is done on the internet, or utilizing internet technologies to improve the productivity and the profitability of a business. It is a firm which conducts most of its daily business functions over the internet and other electronic networks (BusinessDictionary, 2012).

Despite E -business tracing its emergence back to 1997, it’s still on its early stages of use, especially in third world countries. The united Consensus Becan, defines it as any procedure that a business organization or company happens to conducts over a mainly computer dependent network. This process involves the production of customer satisfaction and the internal management focused on a business process. The process itself takes place online, it involves all users via internet and to specified users via extranet.

The three main types of E- business include; business to customer (B2C) which is basically the exchange of information products or services that involves a business firm and a customer via internet. The other type of E- business is business to business (B2B). It involves large money transfers (Yale University, 2012). B2B is responsible for constantly changing corporate buying habits. A good example is a car company selling parts to car dealers of other companies rather than dealing with customers directly.

Business to Government (B2G) is another form of business, which is basically the online exchange of information between a business company and government agencies via electronic means as is the case where a company offering electronic task firm. Transactions that occur within the selected E business process are completed when an eventual agreement is finally reached between the two negotiating parties involved. This involves the buyer and the seller.