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Question
Describe briefly any two applications of e-business.
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Solution
The following are the two applications of e-business.
- E-procurement: It refers to the procurement of the supplies through online trading between sellers and buyers. It involves reverse auctions, facilitating trade between multiple sellers and a single purchaser, along with digital marketplaces that facilitate trade between multiple buyers and a single seller.
- E-delivery: As the name suggests, this includes electronic transfer of computer software, games or movies directly to the computer system of the customer. The payment for such services is usually made through the internet.
- E-trading: It involves buying and selling of shares, debentures, bonds and other securities online.
Notes
Students should refer to the answer according to their question.
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