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.
 

Regards

  • 1
E business is faster and cheaper than traditional business
  • 0
What are you looking for?