Question

6)Discuss the characteristics of virtual business?​

Answer 1

A virtual business is conducted using online modes without necessary physical meetings.

Explanation:

• A virtual business can be defined as a business which is carried on a virtual platform.
• In simple terms, a virtual business is one that is done in an online manner.
• A virtual business does not require its members to be physically present in the operations of business.
• A virtual business can be carried on from anywhere in the world and do not require visiting the offices.
• A virtual business also allows workers to work as per their convenience from their homes.
• A virtual business necessarily requires network connection and computer devices.