Question

discuss the meaning scope and benefit of e business
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Answer 1

Hey Mate !

• A business is an organization where people work together. In a business, people work to make and sell products or services.A business can earn a profit for the products and services it offers. The word business comes from the word busy, and means doing things.It works on regular basis.

Scope of Business

• The Scope of “Business” is wider than that of the terms “Trade” and “Commerce“. The terms trade and commerce are often used synonymously.  Industry is referred to as production of goods and materials while Trade and commerce refers to distribution of goods and materials manufactured.

• For most business people, positive financial outcomes are readily accepted as business benefits and easily measured. Such outcomes include cost savings, cash inflows, and incr... A business benefit can be defined as an outcome of an action or decision that contributes towards meeting one or more business objectives.

Hope it helps u !