Question

Explain the nature of e-business.

State any three features of e-business?

Answer 1

1. Buyers and sellers do not meet in person to complete a transaction.
2. The buyer searches the seller’s website for the goods or services they want to buy. While perusing the website, the buyer selects the payment method.
3. Payment can be made using a credit or debit card, digital cash, or an electronic transfer of funds (net banking). Payment must be provided when placing the order.
4. The merchandise is sent via courier or post. Some documents, such as birth certificates, can be retrieved from the seller’s website.