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What do you understand by E-Business? State its benefits for the modern business |
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Answer» Meaning of E-business: E-business means conducting industries, trade and business using the computer networks. E-business presents the firm with promising opportunities for anything, any where and any time to its customer. Advantages of e-Business : 1. Convenience : E-business offers the advantage of accessing anything, anywhere, anytime. It enables the customers to shop at their own convenience at any time (24x7). It enables the business firms to remain in touch with their customers, suppliers, etc. Moreover, employees can also access to organisations network (through VPN) and can do work from any place. 2. Speed : Information moves very fast through internet, which speeds up the process of buying and selling. e-business needs very less time to complete the business cycle as the entire process is done with the click of a mouse. Some products are even delivered online, like music, movies, e-books, etc. |
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