International Trading Business unit covers procurement, import, export, Clear Customs, Shipping and international trade in several products as Food & Beverage & Industrial Goods and … at around the world.
What is business?
Trade, as it was said, means buying and selling. In the past, when there was no currency in the market, trade was done in the form of goods for goods, that is, the simple meaning of trading in business, or the same as trading and trading, there is an important principle that satisfies Being the parties at the time of doing business is if the other party is satisfied
May you have done a good business, in fact, you have attracted customers for yourself and the desired item, and if the person needs that item, he will take action through you again, which is one of the secrets of being a profitable businessman, this is to satisfy people in Time to do business with you.
The history of trade dates back to tens of thousands of years ago where people used to trade goods to meet their needs and there was no money yet, for example you had a commodity like beans and you needed salt for cooking. If you had salt, you had to give some beans to the person who had salt, and you received salt in return, of course, these commodity-to-commodity trades were also based on the value of the commodities.
In the past, trading without money and goods for goods was not so easy, as it was possible that someone who has salt did not need beans, here the owner of beans must have a link with which he can exchange goods in order to get salt. The interface is like money in today’s time, it has been like a precious stone.
Types of business
In the definition of what is business, it can be said that there are different types of business, although it is no longer done as it was in the past, but it is possible to name a type of business that is a bit similar to the original type of business. . A service business like a person who is a good writer needs an accountant, someone to do
Accounting affairs went to him and instead of doing accounting work, he learned writing from him, or electronic business, which nowadays seems to have overtaken traditional business and is gradually doing business and commerce all over the world electronically and without seeing the goods.
Who is a successful businessman?
According to all the explanations given by Bal about what business is; A successful businessman is someone who follows the principles. Business, which is the same as doing and delivering work at a certain time, should adhere to it, because in business, time is the first word, if you do not succeed in doing your business at the appointed time, you have actually lost your customer. Business is one of the most important investments. which will create extensive relations between countries. Legally, a businessman is someone who spends all his time buying and selling, and someone who… He spends half his time buying and selling spices, beans, and rice. He is not a businessman and is just earning income, but real businessmen who spend all their time trading and buying and selling goods.
They are definitely doing a profitable activity.
E-commerce (electronic commerce) is the buying and selling of goods and services, or the transmitting of funds or data, over an electronic network, primarily the internet. These business transactions occur either as business-to-business (B2B), business-to-consumer (B2C), consumer-to-consumer or consumer-to-business.
The terms e-commerce and e-business are often used interchangeably. The term e-tail is also sometimes used in reference to the transactional processes that make up online retail shopping.
In the last two decades, widespread use of e-commerce platforms such as Amazon and eBay has contributed to substantial growth in online retail. In 2011, e-commerce accounted for 5% of total retail sales, according to the U.S. Census Bureau. By 2020, with the start of the COVID-19 pandemic, it had risen to over 16% of retail sales.
E-commerce is powered by the internet. Customers access an online store to browse through and place orders for products or services via their own devices.
As the order is placed, the customer’s web browser will communicate back and forth with the server hosting the e-commerce website. Data pertaining to the order will be relayed to a central computer known as the order manager. It will then be forwarded to databases that manage inventory levels; a merchant system that manages payment information, using applications such as PayPal; and a bank computer. Finally, it will circle back to the order manager. This is to make sure that store inventory and customer funds are sufficient for the order to be processed.
After the order is validated, the order manager will notify the store’s web server. It will display a message notifying the customer that their order has been successfully processed. The order manager will then send order data to the warehouse or fulfillment department, letting it know the product or service can be dispatched to the customer. At this point tangible or digital products may be shipped to a customer, or access to a service may be granted.
Types of e-commerce
Business-to-business (B2B) e-commerce refers to the electronic exchange of products, services or information between businesses rather than between businesses and consumers. Examples include online directories and product and supply exchange websites that let businesses search for products, services and information and initiate transactions through e-procurement interfaces. A Forrester report published in 2018 predicted that by 2023, B2B e-commerce will reach $1.8 trillion dollars and account for 17% of U.S. B2B sales.
Business-to-consumer (B2C) is the retail part of e-commerce on the internet. It is when businesses sell products, services or information directly to consumers. The term was popular during the dot-com boom of the late 1990s, when online retailers and sellers of goods were a novelty.
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