Distinguish between traditional business and e-business.

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Solution

Basis of Difference Traditional Business E-Business

1. Ease in formation Formation is relatively difficult, as there are numerous formalities required to be fulfilled. It is relatively easier to start.

2. Internal communication It follows a hierarchical communication structure (from top to bottom). It follows a non-hierarchical communication structure (no defined structure).

3. Start-up cost It has a heavy start-up cost. It has a relatively low start-up cost, as physical facilities are not required.

4. Market access Access is restricted to the physical domain. Access is comparatively wide and unlimited.

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Basis of Difference	Traditional Business	E-Business
1. Ease in formation	Formation is relatively difficult, as there are numerous formalities required to be fulfilled.	It is relatively easier to start.
2. Internal communication	It follows a hierarchical communication structure (from top to bottom).	It follows a non-hierarchical communication structure (no defined structure).
3. Start-up cost	It has a heavy start-up cost.	It has a relatively low start-up cost, as physical facilities are not required.
4. Market access	Access is restricted to the physical domain.	Access is comparatively wide and unlimited.