Question

Distinguish between traditional business and e-business. (Any four)

Answer 1

$\begin{array}{cccc}\text{S.No}& \text{Basis of Difference}& \text{Traditional business}& \text{E-business}\\ \text{1.}& \text{Ease of formation}& \text{It is difficult to form.}& \text{It is very simple to form.}\\ \text{2.}& \text{Cost of setting up}& \text{The cost of setting up is high.}& \text{The cost of setting up is low.}\\ \text{3.}& \text{Physical presence}& \text{It requires physical presence.}& \text{It does not require physical presence.}\\ \text{4.}& \text{Business process and length of the cycle.}& \text{The business process cycle is long.}& \text{The business process cycle is short.}\\ \text{5.}& \text{Government patronage}& \text{Declining.}& \text{Increasing.}\\ \text{6.}& \text{Ease of Global access}& \text{Less.}& \text{Much, as cyber space is without boundary.}\\ \text{7.}& \text{Nature of contact with the}& \text{It involves indirect contact with}& \text{It involves direct contact with the}\\ & \text{suppliers and the customers}& \text{the suppliers and the customer}& \text{suppliers and the customers.}\\ & & \text{through intermediaries.}& \\ \text{8.}& \text{Nature of internal communication}& \text{It involves hierarchical flow of}& \text{It involves non-hierarchial flow.}\\ & & \text{communication i.e. top level}& \text{of communication}\\ & & \text{management to middle level}& \\ & & \text{management to lower level}& \\ & & \text{management to operatives.}& \end{array}$