explain e-business in detail?

Dear student,

e-business, i.e. electronic business means doing business activities over Internet. Due to advancement of technology, e- business has became quite popular. With a computer hardware, proper telecommunication system, qualified workforce, well designed website and efficient payment mechanism, one can easily set up an e-business. The cost of settling up e-business is comparatively low as physical facilities are not required. It has a wide scope as there are no global barriers in conducting e-business. It includes e-commerce and other activities like production, accounting, inventory management and product development. It provides 24*7 easy accessibility to customers from any place. It saves time and efforts of consumers, the payment procedure is also quick. As a coin has two sides, similarly e-business has some limitations too. It lack personal touch as buyer and seller need not to be physically present to enter into a transaction. It involves risk as cyber hub is full of virus and hacking risks. Some buyers do not prefer online buying as sometime it cause delay in delivery of products.

Regards

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In this age of internet, the world commerce has gradually started linking with it,
this has brought a new concept of commerce called e-commerce/e-business.
Nov\ we are capable of reaching the users of Internet all over the world simply
by opening a shop on the Internet. The Internet users can order for the goods,
receive their delivery and make their payment while sitting at their home on the
Internet.
Scope of e-Business
It can be understood by the view point of the parties involved and making trans-
actions:
1. B2B Commerce : It is that business activity in which two firms or two
business units make electronic transaction. For example- one can be a
producer firm and other a supplier firm.
2. B2C Commerce - Business to customer. In this one party is a firm and
other party is a customer. On one hand a customer can seek information
through Internet about products, place orders, get some items and make
payments and on the other hand the firm can make a survey any time to
know who is buying, and can also know the satisfaction level of customers.
In modern times, call centers can provide these information.
3. Intra-B Commerce Within business Commerce - Under it, the parties
involved in the electronic transaction are the two departments of same
business. For Example through internet it is possible for the marketing
department to interact constantly with the production department and get,
the customized goods made as per the requirement of customers.
4. C2C Commerce - Customer to Customer Commerce - Under it, both the
parties involved in electronic transaction are customers. It is required for
the buying and selling of those goods for which there are no established
markets. For example-selling old car through internet.
5. C2B Commerce - C2B Commerce provides the Consumers with the
freedom of shopping at will. Customer can make use of call centers to
make toll free calls to make queries and lodge complaints.
6. B2E Commerce - Companies reporting to personnel recruitment, interview
and selection and training etc. via B2E Commerce.
Benefits of e-Business
The major benefits of e-Business are as follows:
1. World wide reach- Internet gives businessmen an extended market. New
customers come in contact with them. This results in increase in sales.
2. Elimination of Middlemen - Ever since the e-Business came into
existence, the wholesalers and retailers have started disappearing. Now,
most of the producers have started having direct contact with customers.
As a result the consumer get goods on less price.
3. Easy Distribution Process - Many types of information and services be
received on computer through e-business. This has simplified the system
of distribution and has also made it less costly.
4. Lower Investment required - In this, you don’t require any big showroom
or huge investment. You need only computer and Internet.
5. Easy to launch new products - Any company can launch its new product
in the market through the medium of E-Business. A complete information
about the product is made available on Internet. In this way the consumer
and other businessmen get information about the new product while
sitting at home.
6. Movement towards a paper less Society - Use of internet has
considerably reduced dependence on paper work.