e business enables business firms to have greater access to global markets,reduces operational cost , and requires less procedural requirements for setting up business comment
The above statement is correct due to the following reasons.
i. Greater access to global markets: e-business provides global access to both buyers and sellers. The sellers can reach out to their customers beyond geographical boundaries with wider and better choices.
ii. Reduces operational cost: Less manpower is required to carry out an e-business; hence, it is cost effective.
iii. Less procedural requirement: It is easy to form, as the investment required to start up an e-Business is almost negligible.
i. Greater access to global markets: e-business provides global access to both buyers and sellers. The sellers can reach out to their customers beyond geographical boundaries with wider and better choices.
ii. Reduces operational cost: Less manpower is required to carry out an e-business; hence, it is cost effective.
iii. Less procedural requirement: It is easy to form, as the investment required to start up an e-Business is almost negligible.