Extra Cultivation

E-COMMERCE Unit -2.    Lesson -1  Online Business Transactions Rationale of Transacting Online   Online Business Transactions Rationale of transacting online E-commerce is an internet initiative which transforms business relationship. There are various models of e-commerce, which are being proposed to establish an electronic link between the business and consumers. These models have brought business and consumer closer to each other & transformed the way of conducting the business. Business to Consumer commerce (B2C) provides direct sale between supplier and consumer. B2C involves what is known as electronic retailing or e-tailing. Electronic storefront refers to a single company web site where products and services are sold. Customers can browse online catalogs or electronic storefronts when it best suits them. E-commerce applications in various industries (banking, insurance, payment of utility bills and others) Advantage of Internet auctions:  Bidders can stay at the home or off

 Charles De Ganahl Koch he was born in November 1, 1935 in Wichita, Kansas, U.S. His father name was Fred C. Koch and her mother name was Mary R. Koch. He is an American billionaire businessman. As of March 2022, he was ranked as the 20th richest person in the world on Bloomberg Billionaires Index, with an estimated net worth of $58 billion. Koch has been co-owner, chairman and C.E.O. of Koch Industries since 1967, while his late brother David Koch served as executive vice president. Charles and David each owned 42% of the conglomerate. The brothers inherited the business from their father Fred C. Koch then expanded the business. Originally involved exclusively in oil refining and chemicals, Koch industries now includes process and pollution control equipment and technologies, polymers and fibers, minerals, fertilizers, commodity trading and services, forest and consumer products, and ranching. The businesses produce a wide variety of well-known brands, such as Stainmaster carpet, the