Question

Write short notes on the following:

E-business

Answer 1

E-business refers to the business activities that take place online or through the web. It is primarily derived from the terms ‘email’ and ‘e-commerce’; however, it is a broader concept compared to e-commerce, as e-commerce deals with only the trading aspect of online business. E-business, on the other hand, includes various other business activities such as manufacturing, buying, selling and management of the whole business through the internet. Moreover, e-business offers many other advantages over traditional business like low set-up cost, easy formation and wider reach in the market.