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Introduction In this essay I will explore the implications of business to business B2B electronic commerce industry and the challenges and opportunities they are facing now and in the near future The paper also focuses on the role internet has played in the last few years and the advancement of e-commerce particularly B2B E- Commerce Furthermore opportunities and challenges for companies who deal with this type of business has been analysed based on the strategic frameworks such as Porters Five Forces and swot analysis to name two A report on HP has been detailed which describes the B2B e-service business launched by HP which is Tradinghubcom It is then followed by conclusion reference and an appendix based on the Rule of 6000 by HP We have heard people use the phrase quite often in the last few years - The next shop and vendor is just a mouse click away Is it true If it is true then why and how has this happened Internet has been one of the main factors to revolutionize business It has transformed the world into a single and a huge global market Business to business electronic commerce or online commerce or e-biz is a type of service which is being provided by two or more businesses through the internet enabling customers to carry out transactions for goods and services online or conducted directly between the buyers and sellers Laudon and Laudon 2000 ch10 The rate of increase in B2B E-commerce has been tremendous as many companies are adapting to this type of business rapidly It has become a necessity for the companies to use B2B E-commerce in order to remain competitive and be ahead of other companies in todays digital economy Business-to-business B2B e-commerce has been recognised as a means of increasing the access of firms particularly smaller firms to global markets The reality among medium sized businesses is that they may
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