Modern world has entered in 21st century, which is also known as the era of innovations and inventions. Development can be seen in many aspects of life. The nature of transaction and the methodology of business in modern era have also changed as compare to the style of business in the ancient time. Internet is one of the blessings of the modern era. There are many organizations, which prefer the online business. There are many companies, which are operating all over the world, and these companies are dealing through their websites. The customers have the facility so that they can by everything from the website of the company.
Patterns of E-buying & Selling
Customer can pay for these products through the debit card or credit card by using the facility of e-payment. Company can deliver these goods to the customers, which they have bought through the company’s website. Apparently it seem a simple direction in which one pays through his/her card and the goods are delivered to that person by the company, but in reality there are series of complex transaction which are involved in this arrangement. These transactions are linked with each other. It forms a chain in which the information flows from the one medium to the other medium (Jeremy Hayes, 2003).
All operations and functions of an organization, which are dependent upon the efficiency and effectiveness of the channels through which the information is sent by one end and can be received from the other end without any kind of distortion in this communication system. There are many business models which can be used simultaneously so that this arrangement in which series of transactions are involved can be more organized. There should not be hurdle during the transactions so the business organization prefers the usage of e-business models so that this process can be made as the more efficient and effective one. The e business models which can be used in some scenarios are as follows.