Question

Write short note on the following:

Advantages of e-business.

Answer 1

i. E – business does not require huge capital investments, a very large physical area.

ii. Communication can be done at lightening fast, as there is no face to face interaction is required like traditional business.

iii. More discounts can be offered to attract customers, because of direct communication between suppliers and consumers and non intermediate agents / brokers.
iv. Readily available software can be used to set up business in a quick manner. Hence, it is easy to set up e – business as compared to traditional business.