What are the three main markets of e-business how do they differ?

Answer 1

An e-marketplace is nothing but electronic marketplace. An e-marketplace is an electronic exchange where firms register as seller or buyers to communicate and conduct business over the internet. It is commonly useful for buyers and sellers. E-markets are generally used to process for multiple business relationships and web based solution instead of paper, phone and fax etc., E-marketplace allow multiple businesses connect in the website. It is used to connect many to many connectivity instead of one to one connectivity. By the held of e-business the company may get higher efficiency from lower connection and network costs. Using email or having a website are very understandable ways in which business can participate in e-business. This kind of online market place is frequently referred to as an e-marketplace. There are many types of e-marketplace based on a range of business models. They may be operate on a cost-recovery basis by an independent third party i.e., an industry association. The following are the three main markets of E-business 1) Right Owner: This is one of the best e-marketplace. The market place will have to be owned by partners who have the best change of capturing the value it creates in the form of reduced cost. These normally are mostly buyers, and in quite a few cases, sellers. In case where the buying and selling sides are disjointed, the right owner might well be a web-based mediator that steps in to roll up volumes on behalf of buyers and sellers. 2) Open Standards: In order to attack as many buyers and seller as possible, business to business marketplaces have to operate under open standards. Web methods that are, building bridges to enable open communication between buyers and sellers and also between marketplaces. 3) One of the primary drivers of business to business is cost efficiency, simple pushing down prices will not sufficient in the long term business. Companies already using purchasing as a source of competitive advantage, it is most useful to cut their total cost. So, marketplace architects will have to think about how to provide other services related to the supply chain.