Question

Describe briefly any two applications of e-business.

Answer 1

Two applications of e-business are

(1) E-Procurement: It involves internet-based sales transactions between business firms, including "reverse auctions" that facilitate online trade between a single business purchaser and many sellers, and, digital marketplaces that facilitate online trading between multiple buyers and sellers.

(ii) E-Communication/E-Promotion: It includes e-mails, publication of online catalogues displaying images of goods, advertisement through banners, pop-ups, opinion polls and customer surveys, etc. Meetings and conferences may be held by the means of video conferencing.