The e-Commerce Trade Cycle: A trade cycle is the series of exchanges, between a customer and supplier, that take place when a commercial exchange is executed. Pre-Sales: Finding a supplier and agreeing the terms. Execution: Selecting goods and taking delivery.
What are the nine categories of e-commerce?
E-commerce business models can generally be categorized into the following categories. Business – to – Business (B2B) Business – to – Consumer (B2C) Consumer – to – Consumer (C2C) Consumer – to – Business (C2B) Business – to – Government (B2G) Government – to – Business (G2B) Government – to – Citizen (G2C).
Which phase of trade cycle has invoice and payment activities?
Invoice and payment are included in settlement phase of trade cycle.
Is trade cycle and business cycle same?
Mitchell – “Business cycles are a species of fluctuations in the economic activities of organised communities. In the words of Frederic Benham “A trade cycle may be defined, rather badly as a period of prosperity followed by a period of depression.
Which phase of trade cycle consists order and delivery?
The execution phase consists of Order and Delivery.
What comes before negotiation in trade cycle?
Pre-Sales: It consists of two steps like Search and Negotiates. Customer searches for a required website for products to be purchased. In Negotiate step customer find a supplier who offers a good quality product at a cheaper price and then the customer agrees to the terms forwarded by the supplier.
What are the 4 models of e-commerce?
There are four traditional types of ecommerce, including B2C (Business-to-Consumer), B2B (Business-to-Business), C2B (Consumer-to-Business) and C2C (Consumer-to-Consumer).
What is trade cycle and how it works?
A business cycle, sometimes called a “trade cycle” or “economic cycle,” refers to a series of stages in the economy as it expands and contracts. Constantly repeating, it is primarily measured by the rise and fall of gross domestic product (GDP) in a country.
What are the four cycles of business trade cycles?
An economic cycle, which is also referred to as a business cycle, has four stages: expansion, peak, contraction, and trough.
What is meant by trade cycle?
Meaning of Trade Cycle: A trade cycle refers to fluctuations in economic activities specially in employment, output and income, prices, profits etc. It has been defined differently by different economists. According to Mitchell, “Business cycles are of fluctuations in the economic activities of organized communities.
What is trade cycle explain phases of trade cycle?
The four important features of Trade Cycle are (i) Recovery, (ii) Boom, (iii) Recession, and (iv) Depression! The trades cycle or business cycle are cyclical fluctuations of an economy. A full trade cycle has got four phases: (i) Recovery, (ii) Boom, (iii) Recession, and (iv) depression.
What is trade cycle and its characteristics?
“A trade cycle is composed of periods of good trade characterized by rising prices and low unemployment percentages, alternating with periods of bad trade characterized by falling prices and high unemployment percentages.”.
What are the trade cycle varies depending?
The trade cycle varies depending on: • The nature of the organizations (or individuals) involved. The frequency of trade between the partners to the exchange. The nature of the goods or services being exchanged.
Which phase of trade cycle shows fall in economic activities?
During the trough phase, the economic activities of a country decline below the normal level. In this phase, the growth rate of an economy becomes negative. In addition, in trough phase, there is a rapid decline in national income and expenditure.
How many types of trade cycles are there in e-commerce?
What are the types of ECOM? There are four traditional types of ecommerce, including B2C (Business-to-Consumer), B2B (Business-to-Business), C2B (Consumer-to-Business) and C2C (Consumer-to-Consumer).
What are inter organizational transactions and the credit transaction trade cycle?
Credit Transaction Trade Cycle:- Most inter-organizational trade transactions take place as a part of an established, ongoing trade relationship. The trade cycle for inter-organizational transactions is generally a credit trade cycle.
How does business cycle work?
Business cycles are comprised of concerted cyclical upswings and downswings in the broad measures of economic activity—output, employment, income, and sales. Recessions start at the peak of the business cycle—when an expansion ends—and end at the trough of the business cycle, when the next expansion begins.
What are the 3 types of e-commerce?
There are three main types of e-commerce: business-to-business (websites such as Shopify), business-to-consumer (websites such as Amazon), and consumer-to-consumer (websites such as eBay).
What are the benefits of e-commerce?
Understanding the advantages of ecommerce Faster buying process. Store and product listing creation. Cost reduction. Affordable advertising and marketing. Flexibility for customers. No reach limitations. Product and price comparison. Faster response to buyer/market demands.
What is the importance of trade cycle?
Managers and entrepreneurs take strategic business decisions based on the phases of the trade cycle. A business cannot be stagnant it must constantly keep updating to stay with the times. So different phases of the cycle demand different actions from the firm.
What is an example of a business cycle?
The business cycle since the year 2000 is a classic example. The expansion of activity happened between 2000 and 2007 was followed by the great recession from 2007 to 2009. It started with the easy access to bank loans and mortgages. Since new homebuyers could easily afford loans, they purchased them.
What are the causes of trade cycle?
Causes of Business Cycles 1] Changes in Demand. Keynes economists believe that a change in demand causes a change in the economic activities. Browse more Topics under Business Cycles. 2] Fluctuations in Investments. 3] Macroeconomic Policies. 4] Supply of Money. 1] Wars. 2] Technology Shocks. 3] Natural Factors.
What are the five categories of e-commerce?
5 Major Types of eCommerce Business to Business, B2B. Business to business (B2B) e-commerce transactions happen between two companies. Business to Consumer, B2C. Consumer to Consumer, C2C. Consumer to Business, C2B. Government E-commerce, G2B and G2C.
What is trade cycle Slideshare?
The trade cycle refers to the ups and downs in the level of economic activity which extends over a period of several years. In Economics this tendency of the business activities, to fluctuate from prosperity to adversely is called business cycle.
What are the 5 stages of the business cycle?
The business life cycle is the progression of a business in phases over time and is most commonly divided into five stages: launch, growth, shake-out, maturity, and decline.