Question

Answer the following.

What is e-business? How did the concept originate?

Answer 1

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. E-business not only includes the trading aspect of online business, but also, includes various other business activities such as manufacturing, buying, selling and management of the whole business through the internet. The term “e-business” was primarily derived from the terms “e-mail” and “e-commerce”. The term originated in the late 1990s and was first used by IBM. The basic purpose of e-business was to provide a common platform to the buyers and sellers to conduct trade through web or internet. However, gradually with the growth of electronic commerce and e-business over the time, they became a global phenomenon and came out as a successful basis of trade for the people.