Ram is successfully doing a business of manufacturing ready made theme party costumes. Recently his friend, Rohan suggested him to start online business. However Ram is hesitant.
Answer the following:
*State briefly any one limitation because of which Ram is hesitant.
*Briefly outline the resources required for the successful implementation of e-business.
*Briefly state one benefit that Ram can avail of by venturing into e-business.
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Answer:
1. Before starting online business one should have proper knowledge of using computer and internet as it is the base of e - business.
2. Computer system
Internet connection
Well designed website
Benefits for consumers and producers
System of telcommuncation
Effective payment system
3. He can extend his business through out the world and earn good profits as well as goodwill.
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