Question

Explain scope of e-business.

What is the scope of E-business?

Answer 1

Until now, traditional methods have managed the majority of businesses in India. Now, many businesses have become aware of the advantages of e-business and incorporated the benefits into their strategies.

1. The scope of e-business is quite vast. It covers many aspects, such as:
   1. Online shopping as well as online stock and other transactions. 
   2. All major business functions, such as production, finance, marketing and personnel administration.
   3. Different managerial activities such as planning, organising and controlling.
   4. Communication between business houses.
2. The wide scope of e-business can also be understood by examining the large number of people and parties involved in electronic transactions.
3. The various business and payment apps have made e-business transactions possible. E.g., PhonePe, Google Pay, Swiggy, Ola, etc.
4. A firm’s electronic transitions and networks extend in six directions:
   1. Business to Business (B2B)
   2. Business to Consumer (B2C)
   3. Consumer to Business (C2B)
   4. Consumer to Consumer (C2C)
   5. Business to Administration (B2A)
   6. Consumer to Administration (C2A)