Explain any four benefits of e-Business.

1.	Explain any four benefits of e-Business.
Answer» The benefits or importance are: 1. Ease formation and lower investment requirements: It is relatively easy to start because legal formalities and capital is less when compared to traditional business. 2. Convenience: Electronic commerce enables customers to shop or do other transactions 24 hours a day, all year round, from almost any location. 3. Global Reach/Access: Internet is truly without boundaries. On the one hand, it allows the seller an access to the global market; on the other hand, it affords to the buyer a freedom to choose products from almost any part of the world. 4. Cost Effective: E-commerce is proved to be highly cost effective for business concerns as it cuts down the cost of marketing, processing, inventory management, customer care, etc. It also reduces the burden of infrastructure required for conducting business.

Answer»

The benefits or importance are:

1. Ease formation and lower investment requirements: It is relatively easy to start because legal formalities and capital is less when compared to traditional business.

2. Convenience: Electronic commerce enables customers to shop or do other transactions 24 hours a day, all year round, from almost any location.

3. Global Reach/Access: Internet is truly without boundaries. On the one hand, it allows the seller an access to the global market; on the other hand, it affords to the buyer a freedom to choose products from almost any part of the world.

4. Cost Effective: E-commerce is proved to be highly cost effective for business concerns as it cuts down the cost of marketing, processing, inventory management, customer care, etc. It also reduces the burden of infrastructure required for conducting business.

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