State with Reasons Whether the Following Statements Are True of False. It is Easy to Set up E-business as Compared to Traditional Business. - Organisation of Commerce and Management

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MCQ
True or False

State with reasons whether the following statement true or false.
It is easy to set up e-business as compared to traditional business.

Options

  • True 

  • False 

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Solution

It is easy to set up e-business as compared to traditional business : True
Explanation:
Yes, the statement is correct. E-business is easy to set up compared to traditional business because of the following reasons:
1) E-business is easy to start, as physical facilities are not required. For setting up e-business, all you need is one computer with the internet facility.
2) It does not require a host of procedures for the formation and working that are usually required in traditional forms of business.

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Chapter 3: Emerging Modes of Business - True or false [Page 97]

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