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Business Studies

Technological Environment

State with re...

Question

State with reasons whether the following statements are true of false.

The term “e-business” is derived from the terms “e-mail” and “e-commerce”.

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Solution

True
Explanation:
The above statement is correct. The term “e-business” is derived from the terms “e-mail” and “e-commerce”. It refers to the use of the internet to not only conduct online transactions and emails but also to carry out other business functions such as production and inventory management, product development and accounting, which are conducted electronically.

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