What are some of the advantages of e-business?
E-business stands for electronic business. Electronic business (also known as an online business) is a business where the transaction takes place online i.e, on the internet.
Advantages of E-Business are as follows-
1. E-Business is easy to set up as compared to traditional business.
2. Cost of setting up e-business is also low as compared to traditional business.
3. It does not require any physical space. However, it requires highly qualified technical employees.
4. In the case of E-Business, communication is easy as there is no face-to-face interaction. This results in easy approach.
5. In the case of E-Business, there is a direct communication between suppliers and consumers.
6. There are no geographical boundaries for e-business. Anyone can order anything from anywhere at any time. The World Wide Web (internet) offers a lot of exposure to businesses on a global platform.
7. E-Business gets a lot of support from the government too
E-business stands for electronic business. Electronic business (also known as an online business) is a business where the transaction takes place online i.e, on the internet.
Advantages of E-Business are as follows-
1. E-Business is easy to set up as compared to traditional business.
2. Cost of setting up e-business is also low as compared to traditional business.
3. It does not require any physical space. However, it requires highly qualified technical employees.
4. In the case of E-Business, communication is easy as there is no face-to-face interaction. This results in easy approach.
5. In the case of E-Business, there is a direct communication between suppliers and consumers.
6. There are no geographical boundaries for e-business. Anyone can order anything from anywhere at any time. The World Wide Web (internet) offers a lot of exposure to businesses on a global platform.
7. E-Business gets a lot of support from the government too
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