Identify the type of e business transactions highlighted in the following cased
1) Employer send the instruction through Email
2) sale of old house through maubrock.com
3) cash management of an organisation
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Answer:
E-business has made shopping easy for us. We don’t need to go anywhere physically, we can shop from home and get great deals too. But do you know what are the types of e-business? What are its characteristics? Let’s find out more about e-business.
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Emerging Modes of Business
e-Business
E-business has made shopping easy for us. We don’t need to go anywhere physically, we can shop from home and get great deals too. But do you know what are the types of e-business? What are its characteristics? Let’s find out more about e-business.
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Introduction to e-Business
E-business or Online business means business transactions that take place online with the help of the internet. The term e-business came into existence in the year 1996. E-business is an abbreviation for electronic business. So the buyer and the seller don’t meet personally.
e-Business
In today’s world, we are exposed to various forms of e-Business. Since its emergence, it has grown by leaps and bounds. Some predict that it may very soon overtake brick and mortar stores completely. While that remains to be seen, we cannot ignore the immense role it plays in the current global economy.
Features of Online Business
Some of the features of Online Business are as follows :
It is easy to set up
There are no geographical boundaries
Much cheaper than traditional business
There are flexible business hours
Marketing strategies cost less
Online business receive subsidies from the government
There are a few security and integrity issues
There is no personal touch
Buyer and seller don’t meet
Delivery of products takes time
There is a transaction risk
Anyone can buy anything from anywhere at anytime
The transaction risk is higher than traditional business
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Introduction to E-Business
3 mins read