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Write Short Answers for the Following Questions: What is E-business? - Organisation of Commerce and Management

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Question

Write short answers for the following question:
What is e-business?

Answer in Brief
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Solution

E-business refers to the business activities that take place online or through the web. This enables the buyers and sellers to carry out trade anytime throughout the year. It saves time as well as efforts of the consumers as the trade can be conducted anywhere and anytime. It also eliminates the cost and time involved in reaching out to the seller. E-business is primarily derived from the terms ‘email’ and ‘e-commerce’; however, it is a broader concept compared to e-commerce, as e-commerce deals with only the trading aspect of online business. E-business, on the other hand, includes various other business activities
such as manufacturing, buying, selling and management of the whole business through the internet. Moreover, e-business offers many other advantages over traditional business like low set-up cost, easy formation and wider reach in the market.

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Chapter 3: Emerging Modes of Business - Write short answers for the following question [Page 97]

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Micheal Vaz Organisation of Commerce and Management (OCM) [English] 12 Standard HSC Maharashtra State Board
Chapter 3 Emerging Modes of Business
Write short answers for the following question | Q 1 | Page 97

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