Dropshipping is a retail business model in which a retailer buys stock as customers place confirmed orders, avoiding the expense of buying stock upfront and removing the risk of unsold stock. The retailer sends each individual customer order to a supplier who then ships the…
The advantages of starting a business-to-consumer (B2C) ecommerce business are minimal barriers to entry, large potential market giving long-term potential to grow, simplicity of operating the business, ability to diversify into other areas to grow revenue and margins. Disadvantages include the intense competition, the cost…
B2C is an acronym for "business to consumer" and B2B an acronym for "business to business". These terms are used to describe the seller and purchaser in an ecommerce sales transaction. B2C denotes a business selling goods or services to a consumer (that is an…