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Business Processes

The basic steps in a business transaction, whether between a business and a consumer (B2C) or between a business and another business (B2B), can be summarised as follows:

  • obtain product/service information
  • place an order
  • pay for goods/service
  • delivery of goods/service
  • customer support.

Let's look at each step in turn and compare the 'traditional' method with the 'electronic' method.

By way of an example, let's say you've decided to buy a digital camera.

Let's also assume that you have little knowledge of the subject and are not sure what features to look for, how much to pay etc.

Next: Obtain Product/Service Information