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Question
State with reasons, whether the following statement is True or False:
e‐business means using the internet to connect people and processes.
Options
True
False
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Solution
This statement is True.
- e-business is an abbreviated form of electronic business which implies application and use of information and communication technologies (ICT) to conduct and complete all business activities. It involves purchasing and selling on the internet, processing orders electronically, making online payments via credit cards, debit cards or net banking, handling customer services and co-operating with business partners.
- It is really easy to set up and maintain an e-business. e-business can be started, managed and operated with the help of the internet from any place in the world. Naturally, it requires very little capital. We can create web - sites to advertise our products. We can also use email and mobile communication between buyers and sellers.
- Because of the unique website of our organisation facilitates a firm engaging in e-business to have worldwide presence and popularity. It offers a lot of publicity i.e. exposure to the business on a global market.
- Through the advantages of the Internet and popularity of mobile applications like Whatsapp, Facebook, Instagram, Blogger, etc. direct communication between partners, employees, buyers, and suppliers is made possible. All of the get feedback from their communicators easily. Thus we can say that e-business means using the internet to connect people and processes.
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