Think of a business (could be an existing or a new one), explain their process of exchanging goods and services using two (2) E—commerce models. Indicate the advantages and disadvantages of both models as well.

*Business to Consumer (B2C)

- This business gives entertainment in the consumer. The role of Netflix is to upload different genres of old and latest movies or series in their site. Once they've uploaded the videos, consumer can pick whatever movies of they like. But before the consumer can enjoy watching videos, he should first pay for the plan of service of his choice. Once payment was made and received by Netflix, the consumer will received an email message informing of the availability of the service he can enjoy.

Advantages of B2C:

1. Low cost staffing

2. Low cost in providing physical infrastructure

Disadvantages of B2C:

1. Large array of competitors

2. Technical glitches

*Business to Business (B2B)

VISA

- This business offers electronic payment network processor to Financial Institutions. The Bank will buy the service of VISA for their business, either for their product of debit or credit cards.

Advantages of B2B:

1. Bulk payments, high sales

2. Long-term agreement

Disadvantages of B2B:

1. Needs to prove business reputation

2. High competition