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Question
Write short note on the following:
E-business
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Solution
E-business refers to the business activities that take place online or through the web. It 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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Answer in one sentence.
What is E-business?
Explain the following term/concept.
E-business
Justify the following statement.
E-business allows users to work across the globe in any field.
Study the following case/situation and express your opinion.
| Ram purchases a watch from Titan shop and his friend sham purchases a watch from an online shopping site. |
- Which shopping is from a traditional business?
- Which shopping is from e-business?
- Which business involved high risk?
