Home food private limited deals in grocery items of daily domestic usage its business is spread through out Delhi, the companies 20 stores are providing their services to the residents of Delhi all the business activities of this company are done through internet its main activities are of obtaining information about goods receiving order of goods, making payments, receiving inventory management, product development etc . The use of internet in the business activities has resulted into reduce of cost of transaction. The customer also can shop sitting at home or office they can access the internet to buy goods and services the use of consider internet reduced dependence on paperwork for the company.
(A) which system of business is being followed by home food private limited?
(B) state any three benefits of this system of business identify in option A.
Thank you ??

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Solution

Dear student, a) Home food private ltd. is following online system of business. In other words E - business i.e. Electronic business. In this Internet plays vital role in doing the business. b) Three benefits of Online business are - 1) It is much cheaper than traditional business. 2) It is easy to set up. 3) No geographical boundaries are there and less paperwork is required to be done. Regards

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