Garv’s father had gifted him his old laptop. Garv wanted a latest laptop with some advanced features to use during his “Work from Home” tenure during the Covid-19 Pandemic. As the old laptop was not needed by his father, he decided to sell the old laptop on OLX.com and then purchase a new one from his friend’s showroom. On the basis of the above information, answer the following question: To sell and purchase laptops, Garv used two different modes of business. Differentiate between the two modes on the basis of: (i) Physical presence (ii) Locational requirements (iii) Operating cost.
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Basis of Distinction
Traditional Business
E-Business
1. Cost of setting up
• High
• Low, as be requirements of physical facilities.
t. 2. Operating cost
• High, due to fixed charges associated with investment in procurement & storage, production, marketing and distribution facilities.
• Low, as a result of reliance on net work relationship rather than ownership of resources.
3. Nature of contract with the suppliers and the customers.
• Indirect, through intermediaries.
• Direct
4. Nature of Intend communication.
• Hierarchial from top level management to middle level management to lower level management to operatives.
• Non-Hierarchial allowing direct vertical, horizontal communication
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