Difference between e business and traditional
Dear Student,
The differences between traditional business and e-business are presented in the table below.
Basis of difference | Traditional business | e-Business |
Ease in formation | Formation is relatively difficult as there exist numerous formalities that are required to be fulfilled. | Relatively easier to start. |
Internal communication | Follows a hierarchical communication structure (from top to bottom) | Follows a non-hierarchical communication structure (no defined structure) |
Start-up cost | Heavy start-up cost | Relatively low start-up cost (as physical facilities are not required) |
Market access | Access is restricted to the physical domain. | Access is comparatively wide and unlimited. |